Pemex Sells $2 Billion of Bonds in Overseas Credit Markets
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Petroleos Mexicanos, the state-owned oil company, sold $2 billion of bonds in overseas markets after its benchmark yields fell to the lowest level in almost six months.
The Mexico-City based company sold 10.5-year securities to yield 250 basis points above U.S. Treasuries, according to data compiled by Bloomberg. A basis point equals 0.01 percentage point. Deutsche Bank AG, Goldman Sachs Group Inc. and HSBC Holdings Plc arranged the sale, said a person familiar with the offering who declined to be identified because he’s not allowed to speak publicly.