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Pemex Seeks Diverse 2013 Funding Targets

Dec 19, 2012

After a groundbreaking debt fundraising year, Pemex is targeting issuance in more new markets in 2013, its treasury manager says. The Mexican state-owned oil company has put in a request to borrow about $9.8bn-euqivalent in 2013, subject to government approval, with about $4.0bn expected to come from the international markets. After hitting up the Swiss market and becoming LatAm’s first Australian dollar issuer this year, other non-USD markets may be in the cards. “We would certainly look at the...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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