Mexico's finmin says will cut debt issuance, buy back bonds

MEXICO CITY, April 11 (Reuters) - Mexico’s finance ministry on Monday said that it would use a transfer from the central bank to reduce government debt issuance by at least 64 billion pesos ($3.62 billion) this year and buy back up to 103 billion pesos of government debt.

The ministry said it was still analyzing ways that it could help state-run oil company Pemex, which has been hobbled by a slump in international crude prices.

Earlier on Monday, the Bank of Mexico said it would transfer 239 billion pesos ($13.6 billion) to the finance ministry from part of the gains made on dollar reserves in 2015 due to a sharp currency depreciation. ($1 = 17.6617 Mexican pesos) (Reporting by Alexandra Alper and Michael O’Boyle)