Pemex Contractor Nears Issue

Pemex Contractor Nears Issue

Mexico Bonds

Mexican marine contractor Oceanografia is out with 12%-area guidance for a $280m senior secured bond expected to price Wednesday, according to a person familiar with the deal. The transaction was downsized from an initial $300m 2018 and is coming at the wider end of 11%-12% initial talk. Proceeds would be used to partially finance the purchase of the OSA Goliath and Caballo Marango vessels. The bonds, issued via two SPVs, will be secured on a first lien basis by the pair. Pareto Securities is so

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