NEW TORK, July 6, 2004 (PRIMEZONE) -- On June 30, 2004, Petroleos Mexicanos ("PEMEX") successfully closed a new $1.25 billion unsecured revolving credit facility (the "Facility"). Bank of America, Barclays, BNP Paribas (Pink Sheets:BNPQY), HVB and Mizuho are acting as Lead Arrangers and Bookrunners of the transaction. The Facility is split between two tranches: a $605 million 3.5 year tranche priced at L + 55 bps, and a $645 million 5-year tranche priced at L + 75 bps. The transaction, originally launched at $1.0 billion, was upsized due to oversubscription.
ABN AMRO, Bank of Tokyo-Mitsubishi, BBVA, BSCH, Caja Madrid, Citigroup, Deutsche Bank, Dresdner, HSBC, ING, JP Morgan, Scotiabank, Standard Chartered and SG joined the deal as Arrangers; UFJ committed as Co-Arranger; ANZ, Bank of New York, Landesbank Rhienland-Pfaltz and West LB came in as Managers; and Helaba and Lehman Brothers committed as Participants.
With a presence in more than 85 countries and over 87,000 employees, BNP Paribas provides a full array of financial products through a portfolio of brands that cover a variety of distribution channels. Headquartered in New York, BNP Paribas in North America offers a broad range of corporate, investment banking and securities brokerage activities. With locations in all the major corporate and financial centers across the United States and Canada, BNP Paribas in North America serves a world-class client base of multinational corporate and mid-cap companies, major issuers and institutional buyers. As a registered NASD broker-dealer and member of SIPC, BNP Paribas Securities Corp. trades and markets a vast array of global and domestic fixed income and equity products
For more information, please contact: Janine M. Mejeur-Haas, Director, Corporate Communications -- US Tel: (212) 841-3070 email: janine.mejeur-haas@americas.bnpparibas.com Melissa Sherer, Corporate Communications -- NY Tel: (212) 841-3809, e-mail: melissa.sherer@americas.bnpparibas.com