2 days ago
Pemex Bonds Surge as Mexico Mandates Debt Deal to Support It
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.
