Mexico’s Pemex sells $4 billion in bonds

Mexican state oil company Petróleos Mexicanos sold $4 billion in long-term bonds to buy back existing debt and prefund some of its 2017 financing needs, the company’s chief financial officer said Monday.

In addition, Pemex carried out a bond exchange for around $1.6 billion, Juan Pablo Newman said at a meeting with reporters.

Source: Wall Street Journal