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2016-10-04 18:30:00

PEMEX DEBT UP

PEMEX DEBT UP

TOGY wrote, Pemex said late on Monday that it had issued USD 4 billion in bonds in an effort to bolster the company's finances. It also announced that some USD 1.5 billion in debt had been repurchased.

The two bonds, valued at USD 2 billion each and issued in a financial operation that started early in September, will carry maturities of seven and close to 31 years. They pay yields of 4.62% and 6.75%, respectively, according to Pemex CFO Juan Pablo Newman. Now with greater maturity, Pemex's repurchased debt, which was due to mature in 2018…

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Tags: PEMEX, MEXICO, OIL
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