By Aaron Hochman-Zimmerman
New York, Jan. 27 - Petroleos Mexicanos SA priced $2 billion 10-year senior unsecured bonds at 98.313 with a coupon of 8% to yield 8¼% (Baa1/BBB+/BBB), according to an informed source.
The deal came at the middle of talk for a yield of 8¼%.
Calyon, Citigroup and HSBC acted as bookrunners for the Rule 144A and Regulation S deal.
Pemex is a Mexico City-based government-run oil firm.
Issuer: Petroleos Mexicanos SA
Issue: Senior unsecured bonds
| Amount: | $2 billion
|
| Maturity: | May 3, 2019
|
| Coupon: | 8%
|
| Price: | 98.313
|
| Yield: | 8¼%
|
| Bookrunners: | Calyon, Citigroup, HSBC
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 3
|
| Distribution: | Rule 144A, Regulation S
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB+
|
| Fitch: BBB
|
| Price talk: | 8¼%
|
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