Feb 14 • 02:46 UTC 🇲🇽 Mexico Milenio (ES)

Pemex returns to the markets with a historic issuance of 31 billion 500 million pesos

Petróleos Mexicanos (Pemex) announced a record corporate issuance of 31.5 billion pesos in debt instruments, a key part of its Strategic Plan 2025-2035.

Petróleos Mexicanos (Pemex) has made a significant announcement regarding its return to financial markets through a historic issuance of 31.5 billion pesos in debt instruments, signaling a critical step in its Strategic Plan 2025-2035. This financial operation took place on February 13 and is coordinated with the Ministry of Finance and Public Credit (SHCP), underlining the importance of government partnership in Pemex's financial activities.

The issuance comprised three different financial products: 9.05 billion pesos with a floating interest rate for 5.2 years, 16.999 billion pesos with a fixed nominal interest rate for 8.5 years, and 5.496 billion pesos with a fixed real interest rate for 10.5 years. The demand for these offerings was notably high, as the issuance saw subscriptions totaling 63.285 billion pesos, which represents a 2.5 times oversubscription over the initial target of 25 billion pesos and double the total issue amount, indicating strong investor confidence in Pemex.

The overwhelming interest from investors is significant as it not only provides Pemex with necessary capital to advance its strategic objectives but also highlights the company's improved perception in the investment community. This issuance allows Pemex to strengthen its financial standing and pursue critical projects that align with its long-term strategy, aiming for sustainable growth and stability in the energy sector in Mexico.

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