Overview

• President Claudia Sheinbaum confirmed that the formal unveiling of Pemex’s debt restructuring plan is scheduled for August 5 and will outline a 15-year vision to stabilize the company’s finances.
• The Treasury’s structured note issuance secured $12 billion for Pemex, targeting its financial debt beyond supplier obligations.
• On June 19, the government paid 147 billion pesos toward Pemex’s 430.5 billion-peso supplier debt to ease cash-flow strains.
• SHCP is assessing a dedicated Pemex line item in the 2026 federal budget, though the size of the allocation remains under review.
• The multi-layered rescue combines direct payments to suppliers, large-scale bond issuances and executive oversight under Sheinbaum to address unsustainable liabilities.