September 19, 2013
Mexican state-owned oil company Pemex is heard planning a $1.25bn revolver,
Mexican state-owned oil company Pemex is heard planning a $1.25bn revolver, expected to launch in October. The 3-year facility will help refinance a similar facility coming due in November. Citi, Credit Agricole, HSBC, Natixis, Mizuho and Sumitomo Mitsui are leading. After raising domestic-market funds last week, Pemex is separately targeting a new 2024 peso-denominated global depository note (GDN) transaction of up to MXP15bn ($1.15bn), pricing as soon as today depending on market conditions.