Pemex books first bonds in 2020

Pemex books first bonds in 2020

Bonds Debt Capital Markets Fixed Income Energy Mexico

Mexico's state-owned oil company Pemex issued $5 billion worth of bonds on Tuesday with $2.5 billion in 2031 notes and another $2.5 billion in 2060 notes in a two-part deal that was five times oversubscribed, according to a source involved in the transaction. Pemex sold the 2031 notes at par to yield 5.95%, or 417 basis points over US Treasury bonds. It sold the 2060 notes at par to yield 6.95%, or 471 basis points, the source said. Investors placed a total of $25 billion in orders, the source a

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