Heavy Demand for Pemex Peso Retaps

Heavy Demand for Pemex Peso Retaps

Mexico Bonds

Pemex has raised MXP9.6bn ($732m) through a reopening of its peso-denominated 2024 global depository notes (GDN) and 2019 domestic FRNs, with order books topping MXP16.5bn, according to people familiar with the terms. Looking to add liquidity to the GDN market by tapping both foreign and local buyers interested in Pemex and MXP exposure, Pemex reopened the 7.19% coupon bonds for MXP8.5bn at 95.416 to yield 7.82%, or Mbonos+145bp, at the tight end of 150bp-area guidance. Demand topped MXP10.2bn,

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial