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Pemex Samurai – ECA-wrapped bond
23 March 2009
Nexi ensures bond success for Pemex
Read more:
ECA-wrapped bond
Pemex
HSBC
SMBC
Nexi
Linklaters
Pidiregas
OULI
The importance of the capital markets for major oil producers such as Mexico's Petroleos Mexicanos (Pemex) has always been a given. But in the deteriorating financial markets of last year extra support was needed to ensure a Samurai bond arranged for Pemex managed to fly.
In this case HSBC and SMBC acted as mandated lead arrangers of the Samurai bond, a Japanese yen denominated private placement, with the funds being destined for the exploration and production development activity of the Ku Maloob Zaap offshore oilfield in the Mexican Gulf. The bond issuance was by the Pemex Project Funding Master Trust, guaranteed by Pemex. And in...
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