Finance Goes to the Rescue of pemex... for the Third Time: Announces Plan to Refinance Your Debt

El Financiero

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The Ministry of Finance will launch a third financial bailout to Pemex, to refinance his debt under better cost conditions, said María del Carmen Bonilla Rodríguez, undersecretary of the dependency. “There will be a third measure that I cannot anticipate, which will be announced at the time, which also has to do with the repayments of the market debt,” he reiterated. He also reported that “both the Secretary of Finance, and the President of the …

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There is a risk that the Strategic Plan for Mexican Oils (Pemex) granted by the Ministry of Finance and Public Credit (SHCP) may not be sustainable if strong governance for oil is not consolidated, warned today the consultant SL Intelligence. “[There is] risk that the financial relief of the Ministry of Finance cannot be sustained if strong governance is not consolidated,” she explained in an analysis of the Plan announced last week by the feder…

energy21.com.mx

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María del Carmen Bonilla, who was recently appointed Undersecretary of Finance and Public Credit (SHCP), said that the federal government enlists a third measure of support for Mexican Oils (PEMEX) to strengthen its finances. “After an analysis that we did, from the hand of the Energy Secretariat and PEMEX we come to that company clearly that it is viable. What is being sought is a correct balance between the liabilities that the company has and…