Petroleos Mexicanos (Pemex), founded in 1938 and headquartered in Mexico City, is Mexico's state-owned petroleum company responsible for exploration, production, refining, and distribution of oil and gas. As one of the largest and most influential companies in Latin America, Pemex plays a crucial role in the nation’s economy and energy sector, offering products and services including crude oil, refined fuels, petrochemicals, and natural gas.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Pemex has a long history of bond issuances, beginning in the 1990s to finance operations and investments. Notable issuances include a $6 billion bond in 2015 aimed at operational improvements and a $2 billion issuance in 2020 related to debt restructuring. As of late 2023, its bonds have shown yields approximately 2-3% higher than industry averages, reflecting the credit ratings pressures and market perceptions surrounding state-backed entities. Pemex’s bonds often feature tax-exempt status under certain conditions, making them attractive to diverse investor groups, despite the recent credit downgrades that have stirred market discussions.