Pemex Issues $1.8 Billion in Debt in Return to Mexico Markets

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Mexican state oil company Petroleos Mexicanos has issued 31.5 billion pesos ($1.8 billion) in debt, ending a six-year absence from local markets.The transaction consistsBloomberg Terminal of 5.5 billion pesos in notes known as “certificados bursátiles” maturing in 2036; 17 billion pesos due 2034; and 9 billion pesos maturing 2031. Demand stood at 2 times over the maximum amount, with the 2034 instrument with a fixed 10.8% rate attracting the most interest, according to a note from Banorte analysts Gerardo Valle and María José Hernández.