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3h ago

Pemex Returns to Mexico’s Bond Market With 31.5 Billion-Peso Offering

Proceeds will refinance 2026 maturities under a new five-year, 100 billion-peso shelf.

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

Overview

  • The first placement is structured in up to three series with fixed and TIIE-referenced rates and maturities of roughly 5, 8.5 and 10.5 years.
  • Moody’s Local México and HR Ratings assigned the issuance AAA on the local scale, enabling participation by pension funds and insurers.
  • The certificates are unsecured quirografarios backed by Pemex cash flows and potential refinancings rather than specific collateral.
  • Bookbuilding is underway with Banorte, BBVA México, Santander, Scotiabank, Monex and Ve por Más, with the window open until February 13.
  • The 31.5 billion pesos (about US$1.8 billion) placement is part of a five-year program authorized up to 100 billion pesos to extend maturities and diversify funding.