The content has been shared, if you want to share this content with other users click here.
Mexico's state oil company Pemex issued US$750mn in seven-year senior floating rate notes in the 144a private placement market on Tuesday, Reuters reported.
The notes carry a coupon of 60 basis points over the three-month Libor rate, Reuters said.
The notes will reach maturity at end-2012 and the first payment date is scheduled for March 3, 2006. HSBC Securities and Morgan Stanley managed the sale.
The issue was carried out through the Pemex project funding master trust.
Credit ratings agencies Moody's and Standard & Poor's rate the Pemex project funding master trust at Baa1 and BBB respectively, Reuters reported.
Pemex officials confirmed the issue, but declined to talk about details of the operation due to restrictions imposed by the US securities and exchange commission SEC.