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Pemex Bonds Surge as Mexico Mandates Debt Deal to Support It

Pemex Bonds Surge as Mexico Mandates Debt Deal to Support It

Bloomberg2 days ago
Bonds issued by Petroleos Mexicanos surged after the Mexican government mandated a debt sale meant to shore up resources for the battered state-owned oil company.
The offering, announced in a filing Tuesday, will consist of a dollar-denominated debt maturing August 2030, in the form of amortizing pre-capitalized securities, or P-Caps, a type instrument used in asset-backed finance.
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