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Free AccessPemex Debt, November Inflation Due Thursday
- Pemex will sell between $700 million and $1 billion in dollar-denominated bonds as part of a government effort to shore up the state oil giant’s finances, Deputy Finance Minister Gabriel Yorio said in an interview. (BBG)
- The issuance is part of a government rescue plan announced yesterday that includes a $3.5 billion cash injection, which the producer will use to pay down obligations and embark on a series of bond buybacks. The overall deal will result in Pemex’s net debt falling by about $3.5 billion, Yorio said by telephone.
- Mexico Gross Fixed Investment Rose 9.9% Y/y in Sept. (BBG)
- November CPI in Focus scheduled for Thursday. Annual CPI is expected to rise to 7.24%.
- The December Banxico meeting falls on December 16.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.