Mexico’s Pemex Defers $772.2M Bond Sale
Petroleos Mexicanos has delayed its planned bond sale worth $772.2 million.
Petroleos Mexicanos (Pemex) has delayed its planned bond sale worth $772.2 million, The Wall Street Journal reports. The sale has been postponed because of volatility in world financial markets.
The Mexican company earlier intended to issue a package of five-year debt offerings comprising fixed-rate and variable-rate peso debt, along with floating-rate debt in inflation-indexed UDI investment units. In July, Pemex announced that it sold about $3.3 billion in debt of its planned $8 billion for 2011.
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