The objective is to stabilize the debt of the public company at a level that allow to strengthen your credit profile and liquiditywhile reducing its financing cost, the SHCP detailed.
“In line with the objectives of the Strategic Plan 2025-2035, the Government of Mexico plans to make a capital contribution equivalent to the amount placed in international markets. This measure will allow to soften the PEMEX maturity profile during this period,” said the dependency in charge of Édgar Amador Zamora.
The SHCP announced between September 15 and 16 the issuance of a bond basket called euros and dollars for an amount of 13,800 million dollars equivalent.
He explained that in euros, three new references were placed at 4, 8 and 12 years, with coupon rates of 3.5%, 4.5%and 5.1%, respectively for a total of 5,000 million euros. In dollars, bonds were issued at 5, 7 and 10 years, with coupons of 4.7%, 5.3%and 5.6%, respectively for a total of 8,000 million dollars.
The high demand of the three operations by 573 investors of different geographies, added to the monitoring of favorable market conditions by the Ministry of Finance and a positive international perception on the management of the fiscal and financial policy of the Government of Mexico, backed by eight qualifying agencies, allowed to generate very favorable conditions to achieve significant compression in the differential prices differentials, ”he said.
Meanwhile, he explained that on September 2, Pemex announced the offer of repurchase of a series of bonds, which was successfully closed on September 15 of the current year, resulting in a participation by the investor audience of 12,000 million dollars, of which 9.9 billion correspond to maturities between 2026 and 2029. Additionally, amortizations of 2025 and other short -term liabilities are contemplated.
He stressed that these operations are complementary to the issuance of the precapitalized notes and the investment fund for Pemex with which the financial strategy for capitalization and refinancing of the public company is concluded.
