US EditionMexico Again Taps Debt Markets to Prop Up State Oil Company Pemex
8 Articles
8 Articles
Despite the support of the governments of the Fourth Transformation, Mexican Petroleum (Pemex) has a debt equivalent to about seven times what it earns in a year, explained Fabiola Ortiz, CEO of S&P Global Ratings.This debt represents a very high level of leverage compared to other Latin American oil companies such as Ecopetrol de Colombia (2.5 times), Petrobras de Brasil (2 times) or YPF de Argentina (2.3 times).
Mexico launched 8 billion dollars in debt in three tranches for general expenses and to finance in part a repurchase of bonds of the state oil company Petróleos Mexicanos (Pemex) for 9 billion dollars, reported on Tuesday IFR, a financial service of LSEG. El País offers a bond to five years for one billion dollars at a rate of 123 basis points on the comparable papers of the Treasury of the United States, in addition to 4 billion dollars in debt…
The Ministry of Finance and Public Credit (SHCP) has intensified its support in recent weeks to Mexican Petróleos (Pemex), in order to achieve the objectives set out in the Strategic Plan 2025-2035, presented by President Claudia Sheinbaum. At the beginning of September, Pemex announced, with the economic support of the SHCP, the purchase of a series of bonds with maturity from 2026 to 2029, which is valued at $9.9 billion. According to the Secr…
Mexico City.- Mexico launched 8 billion dollars in debt in three tranches for general expenses and to finance in part a repurchase of bonds of the state oil company Petróleos Mexicanos (Pemex) for 9 billion dollars, reported on Tuesday IFR, a financial service of LSEG. El País offers a bond to five years for one billion dollars at a rate of 123 basis points on the comparable papers of the Treasury of the United States, in addition to 4 billion d…
CDMX.-The Secretariat of Energy (Sener) awarded the first 10 oil area assignments to Mexican Petroleum (Pemex) for exploration and exploitation through mixed contracts.It is the Tamaulipas Land Fields Constitutions, in Tamaulipas; Sini-Caparroso, Macavil and Tupilco Terciari, in Tabasco; Agua Fria, in Puebla, as well as Cuervito Fronterizo, in Nuevo León.The areas in Tlatitok, Macull-Pakl and Kayab-P-Utsilt shallow waters, while in the deep wate…
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