October 3, 2013
PMI, the trading arm of Pemex, is expected to close a $700m revolver next w
PMI, the trading arm of Pemex, is expected to close a $700m revolver next week, according to people following the transaction. The 5-year facility pays Libor+120bp. Joint bookrunners at $55m are Citi, Credit Agricole, HSBC, JPMorgan and Natixis. Coming in at a $45m MLA level are Bancomex, Bank of America, EDC, Intesa Sanpaolo, Mizuho and Sumitomo Mitsui. BBVA, BNP Paribas, Bank of Tokyo Mitsubishi-UFJ, DZ and Societe Generale have joined as arrangers, at $31m.