Corporate Issuer of the Year
Amid a concerted bid to address its leverage, Pemex tapped a broad range of financing sources in 2016, returning to markets after a long absence and finding new routes to capital raising
When Mexico opened its energy market to foreign investment,
it had not counted on oil prices tumbling shortly after. But
the two events pushed Mexican state-owned oil company Pemex to
aggressively rethink its balance sheet — and opened
new opportunities to do so.
In the year under consideration for these awards, Pemex
executed a series of capital markets transactions to improve
its leverage, taking full advantage of a broadening array of
financial tools. The company carried out a liability management
exercise for the first time in nearly a decade...
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