Earlier this morning:
- New Mexico: out-producing Mexico. PEMEX to refinance debt; technically insolvent. Owes $105 billion; $10 billion due now. The check is in the mail.
12:14 p.m. CST: Pemex issues bond (singular) worth at least $1.5 billion to refinance debt -- sources.
a ten-year bond
- Pemex's debt payments due for the first quarter of 2023 stand between $5.5 billion and $6 billion
- The debt payments the company was due to make in January were being met with its own funds
- Pemex had financial debts of some $105 billion at the end of the third quarter, when it posted losses of nearly $2.6 billion.
- yield not reported; 6%?
Still looks technically bankrupt to me.
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