Obbligazioni valute high yield MESSICO, PEMEX e Obbligazioni in pesos (MXN)

Mexico’s oil industry rescue won’t add to Pemex debt, incoming deputy minister says
Mexico’s federal government will shoulder a chunk of the planned $11bn rescue for the oil industry, while sparing state oil company Pemex from taking on additional debt to finance it, incoming deputy finance minister Arturo Herrera has said. (FT)
Mi sembra un'ottima notizia..anche se non so come fanno..
 
Il cross pare diretto ai 21,50-21,45 del mese di agosto, livello da dove è rimbalzato, continuo a pensare di poterlo vedere in un futuro non troppo lontano sul 20 basso, se non anche a 19,60 di certo guardando il grafico non viene voglia di comprarlo ora, IMHO...
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OTTAWA/WASHINGTON (Reuters) - The United States and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, $1.2 trillion open-trade zone that had been about to collapse after nearly a quarter century.
 
Pemex, Mexico’s state oil company, sold $2bn of 10-year bonds yielding some 6.5 per cent in an operation designed to finance investment and refinance debt, the company said in a statement. (FT)
 
Petroleos Mexicanos' $2 Billion Senior Unsecured Notes Rated 'BBB+'
  • 17-Oct-2018 19:31 EDT
View Analyst Contact Information

MEXICO CITY (S&P Global Ratings) Oct. 17, 2018--S&P Global Ratings assigned
its 'BBB+' issue-level ratings to Petroleos Mexicanos' (PEMEX; foreign
currency: BBB+/Stable/--; local currency: A-/Stable/--) $2 billion 6.5% senior
unsecured notes due 2029.

The company will use the proceeds to fund part of its investment plans and
working capital needs, as well as to refinance existing debt. The notes
benefit from the guarantees of Pemex Exploración y Producción, Pemex
Transformación Industrial, Pemex Perforación y Servicios, and Pemex Logística.

Our foreign currency ratings on PEMEX are the same as the sovereign foreign
currency rating on Mexico, based on our assessment of the government's almost
certain likelihood of extraordinary support to the company. We also assess
PEMEX's stand-alone credit profile at 'bb-', reflecting our view that the
debt-to-EBITDA ratio will improve below 5.0x by the end of 2018 and trend
towards 4.5x in the intermediate term. However, delays in new projects and the
expected deployment of farm-outs, technical setbacks that unexpectedly dented
production yields, and a low reserve replacement rate of 17.5% in 2017 have
reduced total production to an average of 1.87 million barrels per day (mbd)
for the first eight months this year. Our view on PEMEX's SACP incorporates
the favorable comparison with its peers in the 'bb-' level, particularly in
terms of scale, size of proven reserves, and production volumes.
 

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