Pemex may issue bonds to pay suppliers

Pemex may issue bonds to pay suppliers

Economy & Policy Bonds Debt Funds Mexico Capital Markets Energy

Mexico's state-owned oil company Pemex could issue bonds to cover late payments to contractors and suppliers in both dollars and pesos, CFO Antonio López said Monday. "There are various mechanisms to be implemented by Pemex. One of them involves issuing a bond, but we cannot go into detail," López said during a conference call to present Pemex's first quarter financial results. Before then, Pemex plans pay off short-term debt with cash on hand, although it could again count on government support

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