PEMEX Launches US$5 Billion Debt Offering

By Shriya Bhargava
January 21, 2020
a few seconds read
Pemex Building

Mexico’s state-owned oil company Petroleos Mexicanos SA de CV (PEMEX) has commenced an offering of US$2.5 billion aggregate principal amount of 5.95% notes due 2031, and US$2.5 billion of 6.95% bonds due 2060. The Company will use the proceeds of the offering to repurchase notes validly tendered and accepted for purchase under its tender offers for US$325 million of 6.0% notes due 2020 and US$440 million of 3.5% notes due 2020, and the remainder to repay other outstanding indebtedness. Barclays Capital, BBVA Securities, BNP Paribas Securities, JP Morgan Securities, Morgan Stanley & Co., MUFG Securities Americas, Scotia Capital (USA), and SMBC Nikko Securities America are acting as dealer managers for the offering, which is expected to be settled on January 31st.

Free Trial
Finbrook Databases
Free Trial
Get a 7-Day Free Trial
Get free access to our global upstream oil & gas M&A, Financing and corporate database
Select a License
Access our Global Upstream Oil & Gas M&A, Financing and Corporate Database
Quick registration, online payment and instant access