Mexico’s Pemex Sells $4 Billion in Bonds, Carries Out Debt Swap

03/10/16 The Wall Street Journal

energy- oil pumps 2MEXICO CITY—Mexican state oil company Petróleos Mexicanos sold $4 billion in long-term bonds to buy back existing debt and prefund some of its 2017 financing needs, the company’s chief financial officer said Monday.

In addition, Pemex carried out a bond exchange for around $1.6 billion, Juan Pablo Newman said at a meeting with reporters.

“These operations improve the company’s debt profile, reduce our financing risk and give us access to better terms and conditions. It strengthens the finances and financial structure of the institution,” Mr. Newman said.

Read more…


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s