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New Pemex $Benchmark 10Y 10.875% Area, Expected To Price Today

MEXICO

Deal expected to price today.

  • $Benchmark 10Y Fixed (Feb. 7, 2033) IPT 10.875% Area
    • Issuer: Petroleos Mexicanos (PEMEX)
    • Exp. Ratings: B1/BBB
    • Format: 144A/Reg S with reg rights, senior unsecured
    • 3-month par call, MWC
    • UOP: For general corporate purposes and refinancing
    • Settlement: Feb. 7, 2023 (T+5)
    • Denoms: 10k x 1k
    • Bookrunners: Barclays, JPM, Mizuho
    • Information from person familiar with the matter, who asked not to be identified because they're not authorized to speak about it. (Bloomberg)
  • Separately, headline from Reuters:
    • MEXICAN STATE OIL FIRM PEMEX TO ISSUE BOND SOON WORTH AROUND $1.5 BLN TO REFINANCE DEBT - SOURCES - Reuters

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