Pemex Seeking Healthier Balance Sheet Through Bond Placement

摘要

Mexican national oil company Petróleos Mexicanos (Pemex) said Tuesday it had successfully placed a 10-year, $2 billion, international bond that will be used to fulfill investment plans and refinance debt. The debt issuance was 5.9 times oversubscribed, the state-owned operator said. Pemex expects the proceeds to be used to reduce negative equity on its 2018 balance sheet to 49.4 billion pesos ($2.6 billion) from 79.4 billion pesos originally approved by the national congress.