Pemex plots return as capital injection lifts bond prices

pemex px 230
By Oliver West
12 Sep 2019

Mexican oil company Pemex is set to “defend its ratings” with an imminent new issue, bond exchange and buy-back to be partially funded by a capital injection from the government.

Latin American DCM bankers had been promising a big trade from Mexico, and several were left disappointed on Wednesday as Pemex mandated Bank of America, Citi, Goldman Sachs and JP Morgan to lead the liability management operation.

Mexico’s finance ministry on Wednesday morning ...

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