Pemex sets sights on local market sale

Pemex sets sights on local market sale

Bonds

Mexican state-owned oil company Pemex plans to raise up to MXN12.5bn ($941m) in Mexico’s local bond market on Thursday, according to a regulatory filing. It is considering three formats: a 5-year floating-rate note, a 10-year fixed-rate GDN, and a 12-year UDI-denominated bond, according to people familiar with the deal. It is rated Aaa/AAA/AAA on a local scale. Bookrunners for the deal are Actinver, Bank of America Merrill Lynch, Banorte-Ixe, BBVA Bancomer, Citi-Banamex, HSBC, Morgan Stanley, Sa

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