January 15, 2016
Mexico’s state-owned oil company hit the bond market several times during the awards period, proving itself once again to be the largest and most-dynamic bond issuer in Latin America.
Pemex tapped the cross-border and local markets, pioneering new platforms for Mexican borrowers. Although other issuers brought impressive transactions, Pemex’s ability to innovate and its popularity with banks and investors, despite falling oil prices, earned it Corporate Issuer of the Year.
In January 2015, as investors gaped at the rapid drop in oil prices, Pemex stepped assertively into the market to sell the largest-ever bond from a Mexican corporate. The company raised $6 billion across three tranches.
The oil company once again led the way for Latin American issuers with a breadth of transactions, from the very large to the very novel