Pemex Goes to MarketMexican state oil company Pemex went to market at the end of January, reopening two issues to raise $1.5 billion. The sale was divided equally into a $750 million issuance of 2015 bonds with a 5.75% coupon and the same amount of 2035 bonds with a 6.625% coupon. Fitch Ratings gave the issues a BBB- rating, one notch below the sovereign. Lehman Brothers, UBS and Credit Suisse were bookrunners on the deal.Around the same time, Pemex also unloaded a $5.5 billion syndicated loan facility. The loan consists of three parts: a $2.18 billion four-year loan at LIBOR plus 50 basis points; a $2.07 billion six-year loan at LIBOR plus 65 basis points; and a $1.25 billion three-year rev
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