Pemex to auction 17th round of short-term bonds on Dec.8
Bnamericas Published: Wednesday, December 08, 2004
Mexico's state oil company Pemex will auction its 17th round of 500mn peso (US$44.6mn) short-term bonds on the BMV Mexico City stock exchange on December 8, according to BMV information. The 35-day bonds cost 100 pesos each and will have a fixed interest rate. Credit ratings agency Standard and Poor's has assigned its mxA-1+ rating to the issue, Fitch has assigned its F1+ (mex) rating and Moody's its MX-1 rating. JP Morgan will act as fiduciary for the issue. The auction will be Pemex's 17th 500mn-peso short-term bond round since August 18 this year.
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