Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexico’s Pemex concludes $5 billion bond deal to aid finances

Mexico's Pemex reopened two long-term bonds to raise some $5 billion on international markets, using some of the proceeds to repurchase debt expiring over the next two years, the state-run oil company said on Sunday.

In a statement, Pemex said it had registered demand worth close to $15 billion in placing the $5 billion via banks BBVA Bancomer, HSBC, JPMorgan Chase and Santander. Most of the investors came from the United States and Europe, it added.

The bonds reopened fall due in 10 and 30 years, and will pay a return of 5.75 percent and 6 . . .

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