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Mexico announces operation to fortify Pemex's finances

Mexico announces operation to fortify Pemex's finances

Reuters3 days ago
MEXICO CITY, July 22 (Reuters) - Mexico's Finance Ministry announced an upcoming operation on Tuesday aimed at strengthening the financial position of state energy company Petroleos Mexicanos (Pemex).
In a statement, the ministry said the operation would consist of issuing financing instruments called Pre-Capitalized Notes but did not constitute a guarantee for the company.
Pemex is the world's most indebted energy company.
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