October 9, 2020
Mexico's state-owned oil Pemex issued $1.5 billion worth of bonds on Wednesday, increasing the size of the deal by $500 million to meet investor demand in its first debt sale since January this year.
Pemex priced the new five-year notes to yield 6.95% after the opening the deal for $1 billion in the mid-7% area and setting guidance at 7% to 7.125%, according to press reports.
Bank of America, Goldman Sachs, Mizuho and SMBC were the bookrunners on the deal.
The oil company will use the money to r
Mexico's state-owned oil company prices new five-year notes to yield less than 7%