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1h ago

Pemex Reenters Mexico’s Bond Market With 31.5 Billion-Peso Sale Under New 100 Billion Program

The five-year local program holds AAA domestic grades from major rating firms, making it eligible for pension and insurance portfolios.

Petróleos Mexicanos regresó a cotizar a la Bolsa Mexicana de Valores con la intención de cubrir adeudos y seguir con su plan de inversión. | Especial GH
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Pemex informó a la BMV su intención de volver al mercado de deuda. Foto: Pemex
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Overview

  • The BMV filing launches PEMEX 26-2 and PEMEX 26-U as the initial 31.5 billion-peso placement under a shelf of up to 100 billion pesos and marks a structured return to the local market after limited activity since 2023.
  • The notes may be issued in up to three series with fixed rates or TIIE de fondeo references and maturities of 5, 8.5, and 10.5 years.
  • The placement window remains open until February 13 as the company seeks to lengthen maturities and finance corporate and investment needs.
  • Local AAA ratings assigned by Moody’s Local and HR Ratings enable participation by institutional investors such as pension funds and insurers.
  • Pemex cites funding needs against a heavy balance sheet, reporting about $100 billion in financial debt and roughly $28 billion owed to contractors as of September 2025.