Pemex places debt for 450 million pounds sterling

Petróleos Mexicanos (Pemex) placed debt for 450 million pounds sterling (about 600 million dollars) in international markets, the state company reported today.

Mexico, Nov 9 (EFE) .- Petróleos Mexicanos (Pemex) placed debt for 450 million pounds sterling (about 600 million dollars) in international markets, the company announced today. state.

"As part of its annual financing program authorized for 2017, Petróleos Mexicanos made a placement in international markets for 450 million pounds sterling (approximately 600 million dollars), "the oil company said in a bulletin.

This placement has an expiration date of 2025 and an expiration rate of 3,837 %.

This "contrasts favorably with the latest issue of 350 million pounds in this market at a rate of 8.336%," he said.

The operation aims to "diversify the base of investors "of the company and optimize" the profile of the debt portfolio by substituting liabilities ".

" This operation is within the objectives set out in the Business Plan 2017-2021 to achieve the gradual reduction of indebtedness consistent with the goal of financial balance, "said Pemex, who said he had met his financing needs for 2017 and 2018.

Likewise, this action "provides greater financial flexibility and strengthens the liquidity position of the company," the oil company said.

The demand was distributed among more than 113 investors, including insurers, pension funds, public and private banks, mostly European. PLC.