Puerto Vallarta News

Puerto Vallarta News

Pemex debt deal

Pemex debt deal plans to raise $7–10 billion to prop up company

Mexico’s Finance Ministry unveiled a financing move to steady Petróleos Mexicanos. It will raise $7–10 billion and channel the money to the oil company. The announcement pushed Pemex dollar bonds higher on Tuesday. The core instrument is a set of pre‑capitalized notes (P‑Caps). H…

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