January 22, 2020 / 12:33 AM / a month ago

Mexico's Pemex issues $5 bln in bonds to refinance debt

MEXICO CITY, Jan 21 (Reuters) - Mexican state oil firm Petroleos Mexicanos said it has issued $5.0 billion in bonds with 11-year and 40-year maturities, which it will use to refinance existing debt.

Pemex said part of the funds from the bond issues will be used to repurchase dollar-denominated debt maturing in 2020 and the remainder will be used for refinancing purposes. (Reporting by Ana Isabel Martinez; Writing by Anthony Esposito; Editing by Muralikumar Anantharaman)

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