Pemex resumes making own debt payments

Pemex resumes making own debt payments

Corporate & Sovereign Strategy Economy & Policy Bonds Debt Mexico Capital Markets Energy

Mexico's Pemex has spent €1 billion ($1.08 billion) in cash to redeem bonds it issued in 2015 bond as the finance ministry is no longer making debt payments on behalf of the state-owned oil company, according to press reports. "Pemex will make payment of its maturities this month with its own resources since the finance ministry did not make capital contributions to the company in April," Reuters quoted a source as saying. The state-owned company faces $3.8 billion in debt payments from May to D

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