LatinNews Daily - 23 July 2025

*Mexico’s finance ministry (SHCP) has announced it is carrying out an operation aimed at strengthening the finances of the heavily indebted state oil company Pemex. In a statement the SHCP said the operation will consist of issuing financing instruments called pre-capitalised notes, which it said will give the company the appropriate resources to address its financial and operational needs. However, the SHCP said the operation did not constitute a guarantee for Pemex. The operation forms part of a wider integral financial strategy for Pemex, which aims to improve the liquidity of the company, optimise its maturity profile, and reduce liabilities and financial costs, all of which the SHCP said had the aim of “contributing to the country’s energy security and economic development”. Although the ministry did not specify how much the operation aimed to raise for Pemex, Bloomberg reported on 22 July that the government was looking to raise between US$7bn and US$10bn with the operation, citing unnamed sources.

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