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Pemex, 6.5% 13mar2027, USD (FIGI BBG00K5W8536, WKN A19XER)

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International bonds, Guaranteed, Trace-eligible, Senior Unsecured, Callable

Issue | Borrower
Borrower
  • M
    ***  | ***
    ***
  • S&P
    ***  | ***
    ***
  • F
    ***  | ***
    ***
Status
Outstanding
Amount
1,198,109,000 USD
Placement
22/02/2018
Redemption (put/call option)
13/03/2027 (-)
ACI
Country of risk
Mexico
Current coupon
6.50%
Price
101.05% (IND)
Cbonds Estimation
Yield / Duration
5.078% MATURITY / 0.71
Reports of guarantors / borrowers / offerers
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Bid / Ask
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Buy selected bonds via Exante trading platform Exante does not work with residents of the Russian Federation and the Republic of Belarus
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  • Placement amount
    5,401,550,000 USD
  • Outstanding amount
    1,198,109,000 USD
  • USD equivalent
    1,198,109,000 USD
  • Minimum Settlement Amount
    10,000 USD
  • Common Code
    178430564
  • CFI
    DBFUGR
  • FIGI
    BBG00K5W8536
  • SEDOL
    BG10BH4
  • Ticker
    PEMEX 6.5 03/13/27

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Issue information

  • Borrower
    Go to the issuer page
    Pemex
  • Full borrower / issuer name
    Pemex
  • Sector
    Corporate
  • Industry
    Oil and Gas Extraction and Refining
Volume
  • Placement amount
    5,401,550,000 USD
  • Outstanding amount
    1,198,109,000 USD
  • Outstanding face value amount
    1,198,109,000 USD
Face value
  • Minimum Settlement Amount
    10,000 USD
  • Outstanding face value
    10,000 USD
  • Increment
    1,000 USD
  • Face value
    1,000 USD
Listing
  • Listing

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Cash flow parameters

  • Coupon Rate
    6.5%
  • Day count convention
    30E/360
  • Business Day Convention
    Following Business Day
  • Interest Accrual Date
    13/03/2018
  • Coupon frequency
    2 time(s) per year
  • Redemption price
    100%
  • Maturity date
    13/03/2027

Cash flow

Calculations for international bonds are made according to the minimum trading lot

Early redemption terms

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1 000 000

bonds

80 234

stocks

167 970

ETF & Funds

70 000

indices

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Why

You will have detailed descriptive & pricing data for 650K bonds, 76K stocks, 8K ETFs
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Placement

  • Placement method
    Open subscription
  • Placement type
    Public
  • Placement
    22/02/2018
  • Initial issue price (yield)
    105.487% (6.61%)
  • Settlement Duration
    6.96 years
  • Use of proceeds
    Investment
  • Use of proceeds description
    We did not receive any cash proceeds from the issuance of the new securities. We did not receive any cash proceeds from the issuance of the new securities under the Exchange Offers. In consideration for issuing the new securities as described in this Listing Memorandum, we received in exchange an equal principal amount of old securities, which were cancelled. Accordingly, the Exchange Offers did not result in any increase in our indebtedness or the guarantors indebtedness. The net proceeds we received from issuing the old securities were and are being used to finance our investment program.
Participants
  • Bookrunner
    Exch/Restr.
  • Depository
    Clearstream Banking S.A.
  • Issuer Legal Adviser (International law)
    Cleary Gottlieb Steen & Hamilton
  • Paying agent
    Deutsche Bank Trust Company Americas
  • Trustee
    Deutsche Bank Trust Company Americas

Conversion and exchange

Covenants

  • Change of Control
  • Collective Action Clause
  • Covenant Suspension/Fall-Away
  • Cross Default
  • Designation of Restricted and Unrestricted Subsidiaries
  • Events of Default
  • Financial Covenants
  • Limitation on Business Activities
  • Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries
  • Limitation on Indebtedness
  • Limitation on Investments
  • Limitation on Liens
  • Limitation on Restricted Payments
  • Limitation on Sale of Assets
  • Limitation on Sale/Leaseback
  • Limitation on Subsidiary Debt
  • Limitation on layering (anti-layering)
  • Limitations on transactions with affiliates
  • Merger Restrictions
  • Others
  • Rating Trigger
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Latest issues

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Identifiers

  • ISIN
    ***
  • Cbonds ID
    413421
  • CUSIP
    ***
  • Common Code
    178430564
  • CFI
    DBFUGR
  • FIGI
    BBG00K5W8536
  • WKN
    A19XER
  • SEDOL
    BG10BH4
  • Ticker
    PEMEX 6.5 03/13/27
  • Type of security by CBR
    BON7

Ratings

Bond classification

  • Senior Unsecured
  • Registered
  • Coupon bonds
  • Callable
  • Guaranteed
  • Trace-eligible
  • Amortization
  • CDO
  • Convertible
  • Dual currency bonds
  • Variable rate
  • For qualified investors (CIS region)
  • Foreign bonds
  • Green bonds
  • Inflation-linked principal
  • Supranational bond issues
  • Inflation-linked coupon
  • Mortgage bonds
  • Non-complex financial instruments (MiFID)
  • Perpetual
  • Payment-in-kind
  • Non-Marketable Securities
  • Redemption Linked
  • Restructuring
  • Retail bonds
  • Covered
  • Securitization
  • Structured product
  • Commercial Bonds
  • Subordinated
  • Sukuk
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Holders

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