Pemex expects to replicate January bond sale in Q2

Pemex expects to replicate January bond sale in Q2

Bonds

Pemex plans to return to the local bond market in the second quarter, its deputy finance managing director, Carlos Caraveo, tells LatinFinance. In January, Pemex raised MXN12.5bn ($934m) through a heavily-subscribed triple-tranche bond sale in pesos and UDIs. “We’re planning to do more or less the same deal as in January,” he said, referring to the size and structure. The Mexican oil company’s January sale comprised a MXN2bn 5-year at 15bp over TIIE, a MXN7.5bn 10-year GDN at 145bp over Mbonos,

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