By Christine Van Dusen
Atlanta, Oct. 12 - Mexico's Petroleos Mexicanos SAB de CV priced a $1.25 billion add-on to its 6½% notes due June 2, 2041 (Baa1/BBB/BBB) at 102.131 to yield 6.339%, or Treasuries plus 315 basis points, an informed market source said.
BNP Paribas and Deutsche Bank were the bookrunners for the Rule 144A and Regulation S deal.
Proceeds will be used for general corporate purposes.
Pemex is a Mexico City-based petrochemical company.
| Issuer: | Petroleos Mexicanos SAB de CV
|
| Amount: | $1.25 billion
|
| Maturity: | June 2, 2041
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, Deutsche Bank
|
| Coupon: | 6½%
|
| Price: | 102.131
|
| Yield: | 6.339%
|
| Spread: | Treasuries plus 315 bps
|
| Trade date: | Oct. 12
|
| Settlement date: | Oct. 18
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Distribution: | Rule 144A/Regulation S
|
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