March 6, 2019 |
Mexico's Pemex is finishing its funding plans for 2019, with bankers and investors eager to hear how the company plans to refinance $6.6bn in bonds this year.
"They are working to put together their funding plan by April," said a loans banker in New York.
Pemex is looking for banks to provide a new $1.5bn revolving credit facility, but it could find it more difficult to secure financing after Fitch downgraded the state-owned oil company and S&P Global warned that it could downgrade it this y
Mexico's state-owned oil company could extend existing loans before issuing new notes, source says