Happy Swiss returns for Pemex as pricing beats sovereign

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Happy Swiss returns for Pemex as pricing beats sovereign

Petroleos Mexicanos issued its first Swiss franc bond since 1995 on Wednesday, and the first in the currency from a Latin American issuer since July 2008, in selling a Sfr350m five year deal via BNP Paribas and Credit Suisse at 185bp over mid-swaps.

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