Pemex Readies Multi-Tranche Domestic Jumbo

Pemex Readies Multi-Tranche Domestic Jumbo

Mexico Bonds

Mexican state-owned oil company Pemex is preparing a new domestic bond sale in the domestic market, pre-filing for issuance of up to MXP20bn ($1.49bn), according to sources familiar with the issuer’s plans. In the works are a MXP5bn 5-year floating-rate bond, a MXP15bn 10-year peso-denominated tranche and a possible global depository note (GDN) portion. Pricing could be as soon as this month. Proceeds from the issue, rated AAA on a national scale, are to be used for investment purposes and to fi

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