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Bond Market News
Pemex’s Dollar Bonds Rise on Reports of Mexico Planning $6.4bn Financing to Pay Suppliers
March 20, 2025
Pemex dollar bonds moved higher by 1-2 points yesterday, after reports suggested that the Mexican government was planning $6.4bn in financing to help the state-owned oil company pay suppliers in the short-term. Earlier this year, it was reported that Pemex had about $20bn in outstanding supplier payments pending. Separately, Pemex’s dollar bonds have also trended higher this week after news that they were in advanced talks with billionaire Carlos Slim to finance two of Mexico’s most promising oil and natural gas fields, Zama and Ixachi, to help address its financial struggles.
Pemex’s dollar bonds were trading higher, with its 6.625% 2035s up by 1.7 points 81.85, yielding 9.43%.
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