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Philip Sanders. (Bloomberg) -- Mexico’s government said it had slashed Petroleos Mexicanos’ debt burden by $3.2 billion through a refinancing operation. The government swapped debt that was expiring soon for a new bond with a maturity of 10 years, while also refinancing some medium maturity debt that was cheap, according to a statement from .
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It Looks Like Pemex’s 2022 Oil Hedging Has Started - BNN .
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It Looks Like Pemex’s 2022 Oil Hedging Has Started. A worker pumps fuel into a car at a Petroleos Mexicanos (Pemex) gas station in Tepic, Nayarit state, Mexico, on Wednesday, April 22, 2020. Pemex has too much gasoline and nowhere to store it, potentially racking up significant ship fees as demand wanes because of the fast-spreading coronavirus.
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(Bloomberg) -- Mexico’s government said it had slashed Petroleos Mexicanos’ debt burden by $3.2 billion through a refinancing operation. The government swapped debt that was expiring soon for a new bond with a maturity of 10 years, while also refinancing some medium maturity debt that was cheap, according to a statement from the Finance Ministry.
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Mexico Cuts Pemex Debt Burden by $3.2 Billion - BNN Bloomberg
Phemex is a company that claims it is the best crypto trading exchange in the market. Honestly speaking this is the first time we are hearing about this entity. There are several crypto trading exchanges that are reputable and genuine. These include but not limited to; Coinbase, Binance exchange, Polonies, KuCoin, and Kraken.
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As part of the initiative, which includes a $3.5 billion capital injection from the government, Pemex pledged to overhaul its five-year business plan and make changes to its management team following more than a decade of long-term oil production declines and soaring debt -- which, at $113 billion, is the highest of any major oil company.
Mexico Cuts Pemex Debt Burden by $3.2 Billion
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Led by 8 former Morgan Stanley Executives, Phemex's goal is to build the worlds most trustworthy cryptocurrency derivatives trading platform. We leverage a “User-Oriented” approach to develop far more powerful features than any existing exchange. Above all, we place customers first.