(Adds guidance)
By Mike Gambale
NEW YORK, Dec 6 (IFR) - Here is the pricing progression on
the new bond offering from Petroleos Mexicanos (Pemex), rated
Baa3/BBB+/BBB+, expected to price later on Tuesday, according to
one of the lead managers.
The bond is the first from a LatAm issuer in US dollars
since Nov. 10, according to IFR data.
SIZE MATURITY IPTs (T+) GUIDANCE
TBD 5yr FXD 6%-low 6% 5.625% area*
TBD 5yr FRN Libor equiv Libor equiv
TBD 10yr FXD 7%-low 7% 6.75% area*
* Area is defined as +/-12.5bp
Active bookrunners: Bank of America Merrill Lynch,
Citigroup, JP Morgan, Mizuho, Morgan Stanley.
(Reporting by Mike Gambale; Editing by Natalie Harrison)