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ItalianoBond Petromex 2% ( US71654QBC50 ) in USD
| Issuer | Petromex |
| Market price | 100 % ▼ |
| Country |  Mexico
|
| ISIN code |
 US71654QBC50 ( in USD )
|
| Interest rate | 2% per year ( payment 2 times a year) |
| Maturity | 20/12/2022 - Bond has expired |
|
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|
| Minimal amount | 2 000 USD |
| Total amount | 400 000 000 USD |
| Cusip | 71654QBC5 |
| Standard & Poor's ( S&P ) rating | N/A |
| Moody's rating | NR |
| Detailed description |
Petróleos Mexicanos (Pemex) is a Mexican state-owned petroleum company. An analysis of a recently matured fixed-income instrument issued by Petróleos Mexicanos (Pemex) provides insight into its market lifecycle and redemption. This specific bond, identified by ISIN US71654QBC50 and CUSIP 71654QBC5, was denominated in U.S. Dollars (USD) and carried a 2% coupon rate, with interest payments disbursed biannually. Pemex, a critical entity in the global energy landscape, is Mexico's state-owned petroleum company, holding a pivotal role in the nation's economy through its vertically integrated operations spanning exploration, production, transportation, refining, and commercialization of hydrocarbons within Mexico. The total size of this particular bond issuance was $400,000,000 USD, with a minimum purchase threshold set at $2,000 USD for investors. The bond reached its maturity date on December 20, 2022, at which point it was observed trading at 100% of its par value, signifying its successful and full redemption to bondholders. Regarding its credit assessment, the instrument received an "NR" (Not Rated) designation from Moody's rating agency. |