Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Petroleos Mexicanos Selling Benchmark Dollar-Denominated Bonds

June 19 (Bloomberg) -- Petroleos Mexicanos, the world’s third-largest oil producer, is offering a benchmark issue of dollar-denominated bonds.

The state-owned company, also known as Pemex, plans to issue 32-year debt, according to a person familiar with the transaction. The offering will be of benchmark size, typically at least $500 million.

Pemex last sold dollar-denominated debt in January, issuing $2.1 billion of 4.875 percent, 10-year securities at a relative yield of 315 basis points more than similar-maturity Treasuries, according to data compiled by Bloomberg.

Barclays Plc, JPMorgan Chase & Co., and Banco Santander SA are managing the sale, said the person, who asked not to be identified because the terms are private. The bonds may be rated Baa1, three levels above speculative-grade, by Moody’s Investors Service.

To contact the reporter on this story: Sarika Gangar in New York at sgangar@bloomberg.net;

To contact the editor responsible for this story Alan Goldstein at agoldstein5@bloomberg.net;

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.