Pemex Retaps Local Floater, Waits on GDN

Jun 19, 2013

Pemex set aside plans to issue a new 2024 benchmark global depository note (GDN) Tuesday, opting to print only a reopening of its 2017 floating-rate notes to raise MXP2.5bn ($193m). The Mexican state-owned oil producer reopened at TIIE+3bp, 7bp tight...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management