Pemex MXN loan nears

Pemex MXN loan nears

Loans

Mexico’s state-owned oil company is negotiating the terms of what treasurer Rodolfo Campos says will be the country’s first peso-denominated syndicated loan arranged by and syndicated to local banks. Pemex will likely sign the loan in around a week, with a target size of MXN26bn ($2bn), said Campos. Around five local lenders will be mandated lead arrangers, with smaller local banks, as well as some Asian banks, coming in at the syndication stage, he said. The local syndicated loan market offered

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