Reported about 15 hours ago
Mexico has successfully concluded a $12 billion debt offering aimed at bolstering state-owned oil company Petroleos Mexicanos (Pemex), which is currently the most indebted oil major globally. The deal includes dollar-denominated bonds maturing in August 2030, and it employs pre-capitalized securities to manage the debt while keeping the liabilities off Mexico's balance sheet. Following this transaction, Pemex announced a return to profitability for the first time in over a year, reporting a net income of 59.52 billion pesos in the second quarter.
Source: YAHOO