Pemex Preps Peso Retaps

Pemex Preps Peso Retaps

Mexico Bonds

Pemex is targeting up to MXP9.6bn ($732m) through a reopening of its 2024 global depository notes (GDN) and 2019 floating-rate domestic bonds today, according to a selling memo. Wednesday’s pricing is tentative and is subject to market conditions, say people familiar the plans, and the Mexican state-owned oil company is expected to sell at least MXP7bn between the GDN and the floater. Proceeds are marked for investment needs. Actinver, Bank of America Merrill Lynch, Banamex, BBVA Bancomer, Banor

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