Pemex launches local notes

Pemex launches local notes

Bonds Debt Capital Markets Energy Gas Mexico

Mexico's Pemex launched on Wednesday evening a local bond deal for up to MXN10 billion ($528 million), it said in a securities filing. The five-year corporate bonds, known as Cebures, are part of a MXN100 billion debt program, according to the filing. Actinver, BBVA, Banorte, Bank of America, Citibanamex, HSBC, Scotiabank and Santander are arranging the deal for the state-owned oil company. Moody's has assigned the new notes an Aa3.mx rating on the local scale, while S&P Global and HR Rating

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