|
|
 |
|
Viewing report
|
|
|
|
BULLETIN: Conproca's US$370 Million Notes Fully Endorsed by Pemex May 02
Standard & Poors, May 2002
Abstract
Standard & Poor's said today that Pemex (BBB-/Stable/--) signed 17 promissory notes for approximately US$2 billion yesterday. The notes run from 2002 through 2010, and relate to Cadereyta's refinery debt, including Conproca S.A. de C.V.'s US$370.3 million, 12% senior secured bonds due 2010 ('BBB-'). The signing of the promissory notes is a positive step taken by Pemex in complying with a financed public works contract, under which Pemex has an absolute and unconditional obligation to make semiannual debt service payments. The next semiannual debt payments are scheduled for June 16 and Dec. 16, 2002....
Companies mentioned in this report are: Petroleos Mexicanos (PEMEX)
Action: S&P Event
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
