Pemex prints five-year CHF paper

Pemex prints five-year CHF paper

Debt Bonds Mexico Europe

Pemex raised CHF365m ($365.3m) in December 2023 debt on Thursday morning, completing the opportunistic trade just before the US government announced its jobs report for April. BNP Paribas and UBS set initial price talk between 155.8bp and 180.8bp over Mid-Swaps, before announcing guidance between 1.625% and 1.875%, two DCM bankers confirmed. While the order book size could not be disclosed, both sources confirmed that the transaction was subscribed to solely by Swiss-based investors. Orders w

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