High grade corporate with the best bond market strategy

Jul 1, 2014

The Mexican oil producer maintains its solid footing as it moves ahead with efforts to diversify its investor base

Sheer size and its privileged position as Mexico's sole oil producer have long made Pemex a favorite among investors. But the company has not been sitting on its laurels. Its push to diversify and improve relations with investors, and its good timing in coming to the market, have placed it ahead of its peers.

In a bid to diversify its investor base, Pemex has knocked on many doors in the twelve months under consideration. It has sold bonds in euros and dollars; it has pleased local investors including pension funds by playing a bigger role in the Mexican local market, and it has moved ahead on the project finance front.

But for...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management