The Government of Mexico resorted to international debt markets for the second time this week to underpin the state oil company Pemex, launching 8,000 million dollars in bonds on Tuesday.
The new offer, reported by IFR, the LSEG’s fixed income news service, will help Pemex pay a bond repurchase for 9.9 billion dollars launched earlier this month.
That repurchase offer was excessively signed before the deadline of early tender on Monday, Pemex said.
The broadcast of federal bonds on Tuesday was divided into 1.5 billion dollars in promissory notes with expiration in 2031, 4,000 million dollars with expiration in 2033 and 2.5 billion dollars with expiration in 2025, according to IFR.
The price was more adjusted than the initially expected, which demonstrates the interest of investors in the offer.
The agreement is produced after a bond issue for 5,000 million euros launched on Monday. In July, Mexico sold 12,000 million dollars in precapitalized values (P-CAPs) to Pemex.
Pemex is one of the most indebted oil companies in the world, with around $ 100,000 million in financial debts.
In August, the Government implemented a comprehensive plan to end the company aid by 2027.
With Reuters information.
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