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.

Copyright Reuters, 2016