Business & Finance

Mexico's Pemex issues $4bn in bonds, makes debt swap

Published October 3, 2016 Updated October 3, 2016 03:50pm

1 min

By Shoaib Ur Rehman

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MEXICO CITY: Mexican state oil company has issued $4 billion in bonds and done a debt repurchase worth $1.5 billion as part of a plan to strengthen its finances, Chief Financial Officer Juan Pablo Newman said on Monday.

Newman told reporters in Mexico City the two bonds worth $2 billion each would have maturities of seven and 31 years.

The company also swapped $1.6 billion in debt, he added.

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