Pemex sold $5 billion in bonds across two tranches of $2.5 billion each: one paying 5.95% p.a. through 2031 and one with a 6.95% coupon that matures in 2060. Both tranches were sold at 100. It is the first time in its history that Mexico’s national oil company has issued a 40-year bond, and Pemex said book orders hit $26 billion, or 5.2x the principal amount sold. The company will use proceeds from the......
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