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El Universal
Photo: Archivo
During the third quarter of the year, Petróleos Mexicanos (Pemex) will analyze the possibility of making broadcasts that strengthen the financial position of the company in seeking a careful balance between risk and cost, informed the Ministry of Finance and Public Credit (SHCP).
In the remainder of the year, the oil company's internal financing program will retain the flexibility to adapt to current financial market conditions, the appetite of the
Emissions This will be done in such formats as the floating rate, the nominal fixed rate and the real fixed rate, depending on the communicating vessel mechanism, he said.
namely in the corresponding public offer announcements.
He said that Pemex will carry out these broadcasts with the selected financial institutions. In addition, he informed that to broaden and diversify the investor base, Pemex papers denominated in local currency can be offered and liquidated via international custody platforms.
He recalled that the program of financing of the public enterprise of production for 2018 is in accordance with that authorized by the Congress of the Union and its Board of Directors, which allows an amount of internal debt of up to 30 billion euros. pesos
The program, in addition to issuing bonds on the debt markets, provides for the conclusion of syndicated credit lines and revolving lines of credit.
As part of the quarterly securities auction program, the SHCP said that before the tools granted by the energy reform, the oil company will analyze the possibility of recur r funding of sources other than traditional sources, seeking to reduce the cost of financing and seeking to diversify the investor base.
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