Pemex returns with four-part euro-denominated bond

Pemex returns with four-part euro-denominated bond

Bonds Capital Markets Mexico

Pemex on Wednesday sold €3.15bn ($3.72bn) in a four-tranche bond sale, taking between 25bp and 30bp in new issue concession across its euro-denominated curve, four sources have said. The four-part trade comes as the state-owned energy company works to complete debt raising efforts before Mexico's new President is sworn in this December. Leads came out with a 4.5-year portion, a 5.25-year floating-rate note (FRN), a 7.5-year tranche and 10.75-year bond, DCM sources said. Guidance on each respecti

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