*Mexico’s government led by President
Claudia Sheinbaum has reportedly launched a US$8bn bond offering to boost state-run oil company Petróleos Mexicanos (Pemex), marking the second time this week it has turned to the international debt markets to support the indebted company. Proceeds from the offering will be used for general purposes as well as a capital contribution to Pemex, which will go toward partially repaying, redeeming, and repurchasing some of its outstanding debt, a person familiar with the matter told Bloomberg. According to reports by Bloomberg and Reuters, the offering included US$1.5bn of notes due in 2031, US$4bn due in 2033, and US$2.5bn due in 2035. The offering follows a €5bn (US$5.9bn) bond issue launched
on 15 September and a US$12bn debt offering in the form of pre-capitalised securities, or P-Caps,
in July, both aimed at supporting Pemex.
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