Will Pemex bonds trigger new wave of ECA capital guarantees?

 Will Pemex bonds trigger new wave of ECA capital guarantees?(PRNewswire, Washington, 25 June 2012) The Export-Import Bank of the United States (Ex-Im Bank) has authorized $1.2 billion in export financing in four separate transactions to support the export of U.S. goods and services to Petroleos Mexicanos (Pemex), Mexico's national oil and gas company. For the first time, Pemex will offer Ex-Im-guaranteed bond issuances to capital markets to fund the transactions. Pemex anticipates four-to-seven bond offerings that will occur from June to September 2012. Pemex ranks as Ex-Im Bank's top borrower. ECA capital market offerings are rare outside of the aircraft finance sector, but may become more widespread.