Pemex will issue debt of $5 billion pesos next week: BlackRock

On Wednesday next week, December 11th, Petroleos Mexicanos (Pemex) will issue $5 billion pesos in debt instruments in the domestic market to refinance credits, said the largest asset manager, BlackRock.

In a conference with media, the director of debt and multi-asset investments, Jose Luis Ortega, indicated that the issue will be a variable rate, with reference to TIIE (Interbank Interest Rate of Equilibrium) to five years, with a spread on the TIIE.

He said that this week BlackRock will meet with Pemex executives to give details of the issue, expects the director of finance and investor relations.

Mexican bonds look attractive for 2020, T-MEC decreases uncertainty: BlackRock

For the world's largest asset manager, Mexican bonds look very attractive in 2020 and the signing of the amending protocol to make changes to the Mexico, United States, Canada (T-MEC) Agreement is an additional plus.

Jose Luis Ortega said that the main points in favor of the Mexican debt market are the credibility of the Bank of Mexico, which has acted with great caution in the reduction of interest rates, fiscal discipline of the authorities and exchange rate stability.

By Agencies