Pemex pumps $1.5 bln in new notes

Pemex pumps $1.5 bln in new notes

Bonds Debt Capital Markets Economy & Policy Fixed Income Energy Gas Mexico US

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

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