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Pemex to issue 12th round of US$43.7mn short-term bonds

Bnamericas
Mexico's state oil company Pemex will issue its 12th round of short-term bonds worth 500mn pesos (US$43.7mn) on the BMV Mexico City stock exchange on November 4, according to BMV information. Each 28-day bond, which was to be auctioned November 3, will pay a fixed interest rate. Credit ratings agency Standard and Poor's has assigned its mxA-1+ rating on the transaction, Fitch has assigned its F1+ (mex) rating, and Moody's its MX-1 rating. JP Morgan will act as fiduciary on the transaction and Scotiabank Inverlat and Santander Serfín are the placing agents.

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