Pemex Offers $1.5 Billion Notes

Mexican state oil company Pemex has reopened two previous notes issues to offer a further $1.5 billion of debt. The offering was made in the 144a private placement market for a 2015 note and a 2035 note. The notes are expected to yield up to 1.39 percentage points and 1.99 percentage points, respectively, over comparable US treasuries. The offering is being managed jointly by Credit Suisse, Lehman Brothers and UBS Investment Bank.