Pemex widens spread on local notes

Pemex widens spread on local notes

Bonds Debt Capital Markets Fixed Income Energy Gas Mexico

Mexico's Pemex said it has priced MXN5.1 billion ($269 million) in local notes at 100 basis points over the 29-day TIIE interbank lending rate after launching the deal with a spread of 80 basis points. The five-year bonds, arranged by Actinver, BBVA, Banorte, Bank of America, Citibanamex, HSBC, Scotiabank and Santander, carried a coupon of 8.71%, Pemex said in a securities filing on Thursday night. The state-owned oil company added that it will use the proceeds to pay off debt. The corporate bon

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