Pemex prepares 2019 funding plan

Pemex prepares 2019 funding plan

Loans Debt Corporate & Sovereign Strategy Bonds Capital Markets Energy Politics Mexico

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

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