Obbligazioni valute high yield MESSICO, PEMEX e Obbligazioni in pesos (MXN)


Petroleos Mexicanos' Proposed Senior Unsecured Notes Rated 'BBB+'

  • 11-Sep-2019 15:52 EDT
View Analyst Contact Information

MEXICO CITY (S&P Global Ratings) Sept. 11, 2019--S&P Global Ratings assigned
its 'BBB+' issue-level rating to Petroleos Mexicanos' (PEMEX; foreign
currency: BBB+/Negative/--; local currency: A-/Negative/--) senior unsecured
notes to be issued in three tranches under the company's medium-term notes
program, Series C, with maturities in 7, 10, and 30.

The transaction is part of PEMEX's liability management plan, and it won't
increase the company's net debt. PEMEX will use proceeds from the notes to
refinance short-term debt maturities. The notes benefit from guarantees from
Pemex Exploración y Producción, Pemex Transformación Industrial, and Pemex
Logística, all of which also currently guarantee all of PEMEX's outstanding
notes.
 

Petroleos Mexicanos' Proposed Senior Unsecured Notes Rated 'BBB+'

  • 11-Sep-2019 15:52 EDT
View Analyst Contact Information

MEXICO CITY (S&P Global Ratings) Sept. 11, 2019--S&P Global Ratings assigned
its 'BBB+' issue-level rating to Petroleos Mexicanos' (PEMEX; foreign
currency: BBB+/Negative/--; local currency: A-/Negative/--) senior unsecured
notes to be issued in three tranches under the company's medium-term notes
program, Series C, with maturities in 7, 10, and 30.

The transaction is part of PEMEX's liability management plan, and it won't
increase the company's net debt. PEMEX will use proceeds from the notes to
refinance short-term debt maturities. The notes benefit from guarantees from
Pemex Exploración y Producción, Pemex Transformación Industrial, and Pemex
Logística, all of which also currently guarantee all of PEMEX's outstanding
notes.
Ottimo timing...
 
The issuer may at its option redeem any of the 5.75% new notes or the 6.625% new bonds, in whole or in part, at any time or from time to time prior to their maturity
 
Mexico's Pemex said on Thursday it had launched a tender offer to prepay around a third of $14.7 billion in bonds maturing between 2020-2023, in President Andres Manuel Lopez Obrador's latest effort to shore up the state oil firm. Reuters
 

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