Mexico launches U.S. dollar bond offerings to further support PetroChina

Mexico will issue U.S. dollar-denominated bonds due in 2031, 2033 and 2035 to support Petroleos Mexicoos, the world's most debt-based state-owned oil giant. According to an anonymous source, preliminary pricing negotiations show that the interest rate spreads on these bonds will be 150, 190 and 195 basis points higher than similar U.S. Treasuries, respectively.