Pages

Tuesday, January 31, 2023

PEMEX Still Looks Bankrupt To Me -- January 13, 2023

Earlier this morning:

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. 

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.