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Pemex may look at euros after $4bn triple-tranche sale

Jan 16, 2014

Pemex sold a $4bn triple-tranche bond on Wednesday, drawing $30bn of orders for a deal that is likely to be its only new cash issue in the dollar market in 2014. The oil company is considering returning to euros, although it is likely to raise the bulk of its $14.7bn funding target this year in the local market, said Rodolfo Campos, Pemex’s treasurer. “It’s not written in stone, but this will...

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