Pemex puts focus on refinancing debt

Pemex puts focus on refinancing debt

Mexico Bonds

Pemex’s recent return to the cross-border bond market raised more funds than the company’s projected deficit for 2017, allowing it to focus on refinancing debt due next year, CFO Juan Pablo Newman told LatinFinance.Mexico's state-owned energy company last week raised $5.5bn with a three-tranche bond, a move that surprised some bankers and investors who expected the company to return to the bond markets in January. The timing paid off, with order books climbing above $30bn.The transaction ca

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