Pemex Issues US$445mn, 15-yr Bonds

Mexico's state oil company Pemex issued 5bn pesos (US$445mn) worth of 15-year bonds on the Mexico City market on December 23, Fitch analyst Sergio Rodríguez told BNamericas.

In a ratings note before the issue, Fitch assigned its AAA(mex) local scale rating to the issue. The outlook is stable.

Fitch bases its rating on Pemex's solid pre-tax financial profile, good proven hydrocarbon reserve level and its export potential. Credit ratings agency Standard and Poor's assigned its mxAAA rating to the issue.

Pemex executives were not available for comment.

To read Fitch's full report on Pemex, paste the following link into your browser: http://www.bnamericas.com/rc_search_detail.xsql?id_documento=62646&Tx_idioma=E .

About Business News Americas: Business News Americas is a multilingual news and business information service that covers the most important original stories in 11 different business sectors throughout Latin America everyday. Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports.

Click here for a Free two week trial to our Latin America Oil & Gas information service.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Sr. Project Manager
Expertise: Project Engineer|Project Management
Location: Odessa, 
 
Marketing Manager
Expertise: Marketing|PR / Corporate Communications|Sales
Location: Waller, TX
 
Administrative Assistant IV
Expertise: Executive|Secretarial or Administrative
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours