Pemex auctions 16th round of short-term bonds

Bnamericas Published: Friday, April 22, 2005
Mexico's state oil company Pemex auctioned its latest round, the 16th this year, of short-term bonds worth 500mn pesos (US$45mn) on the Mexico City stock exchange (BMV) on April 20, according to BMV information. The 28-day fixed-rate bonds cost 100 pesos each and pay 9.86% fixed annual interest. They were issued April 21 and come due May 19. Credit ratings agency Standard and Poor's assigned its mxA-1+ rating to the issue, Fitch its F1+ (mex) rating and Moody's its MX-1 rating. JP Morgan acted as fiduciary for the issue and Scotia Inverlat and Santander Serfín were the placing agents. This was Pemex's 35th 500mn-peso short-term bond issue since August 2004.

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