FILE PHOTO: An indication of state-owned firm Petroleos Mexicanos (PEMEX) is seen at a fuel station in Monterrey, Mexico June 17, 2019. REUTERS/Daniel Becerril/File Picture
MEXICO CITY (Reuters) – Current operations to cut back the debt burden of Mexican state oil firm Pemex have refinanced liabilities price $20.1 billion, Mexico’s finance ministry stated on Friday.
In a press release, the ministry stated the Pemex operations comprised the issuance of bonds price $7.5 billion to refinance short-term debt, a repurchase and debt swap price some $eight.7 billion, and one other debt swap price $three.9 billion.
Reporting by Stefanie Eschenbacher and Ana Isabel Martinez; Modifying by Dave Graham