Mexico storms back despite Pemex concerns

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Mexico storms back despite Pemex concerns

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In this photo ullustration the logo of Pemex is seen on a smartphone next to an illustration of the stock market. It is one of the most important oil companies in the world. (Photo by Alexander Pohl/Sipa USA) | Alexander Pohl/SIPA USA/PA Images

Mexico proved its capital market prowess with a highly oversubscribed $6bn bond this week, despite facing a wave of downgrades, concerns about the contingent liability represented by Pemex, and investor fears that the government is reacting too slowly to the Covid-19 pandemic.

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