December 23, 2019
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
Mexico's state-owned oil company issues $269 mln at 100 bps over TIIE after launching the deal at 80 bps