US EditionMexico Issues $12 Billion in Debt to Prop Up Pemex
15 Articles
15 Articles
Mexico Issues $12 Billion in Debt to Prop Up Pemex
Mexico has issued $12 billion worth of new debt in a bid to provide support for its troubled oil and gas company, Pemex. The issue matures in 2030 and is denominated in dollars, Bloomberg reported, citing an unnamed source. It is also larger than initial plans, the report said, with initial plans being for up to $10 billion in debt finance. The debt instrument that the government is using is called pre-capitalized notes, whose aim is to help str…
Mexico City.- The Ministry of Finance and Public Credit confirmed the international placement of Precapitalized Structured Notes (P-Caps) for an amount of $12 billion over a five-year period to strengthen the financial position of Mexican Petroleum (Pemex). In an information note issued on Tuesday, the unit indicated that this operation took place yesterday and means the second largest structured bond issue in history in a single tranche. Hacien…
The Mexican Government has put into effect the international debt issue of $12 billion to refloat the finances of Pemex, the world’s most indebted oil company. Federal dependence has reported that the placement of precapitalized notes, with maturity in 2030, is the second largest structured bond issue in history in a single tranche. The operation was carried out through the Eagle Funding LuxCo investment vehicle. “During the placement process, a…
Analyst Ramsés Pech stated that PEMEX will draw $12 billion out of its debt in books, to pay off financial obligations and debt repayments and interest in 2025 and 2026 The Ministry of Finance and Public Credit (SHCP) reported on the international placement of Pre-Capsed Structured Notes (P-Caps), with a maturity in 2030, for a total amount of $12 billion over a five-year period, being the second largest structured bond issue in history in a sin…
The Government of Mexico has closed the international placement of pre-capitalized structured notes (P-Caps) worth 12 billion dollars (10,485 million euros) over a five-year period in order to alleviate the financial obligations, amortizations and interest on Mexican Petroleum (Pemex) debt for the 2025 and 2026 financial years.
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