Pemex has postponed the sale of up to MXP15bn ($1.22bn) in domestic bonds planned for this week, say bankers managing the deal, because of poor market conditions. The multi-tranche deal has been put off until further notice. The state-owned oil producer was set to choose among 7-year floating-rate, 10-year fixed-rate and 15-year UDI-denominated bonds. Proceeds from the issue, rated AAA on a national scale, were to be used for investment purposes and to address existing debt. Banamex, BBVA Bancomer and HSBC are managing the deal. The Mexican state-owned oil company last came to the local market when it issued MXP10bn in 5-year bonds earlier this year.