Mexico’s state oil company Pemex plans to issue up to 20bn pesos (US$1.8bn) of bonds, most of which will have variable interest rates, in the second quarter this year, the company said in a statement.
Category: Mexico
Posted inDaily Brief
Profits Rise at Walmex
Wal-Mart de México boosted profits by 35% in the first quarter, thanks to Mexico’s biggest surge in consumer spending in four years. Net income rose to $166 million. March same-store sales rose 9.5% versus a decline of 2.7% a year earlier. Retail sales rose more than 6% a month between September and January. Walmex wants to open 70 new stores this year.
Posted inMagazine
A Cut Below Mexico
It took one transaction for telephone giant Telmex to anchor itself in the US high grade market by piercing Mexico’s sovereign ceiling.
Posted inMagazine
In the Crosshairs
Failure to comply with US corporate governance standards will cost Latin American companies heavily. And Mexico’s TV Azteca is first on the hit list.
Posted inMagazine
Economic Exiles
A fifth of Mexico’s population now lives abroad. For some smaller Latin American countries, the percentage is even higher. This exodus has grown steadily for years, and the expansion of […]
Posted inMagazine
Pemex Places a Perpetual
Pemex made history last September with a bond that was as unusual as it was successful. Mexico’s state-owned oil company, among Latin America’s most frequent and most sophisticated issuers, raised […]
Posted inMagazine
A Never-Ending Bond
Mexican oil producer Pemex gets $1.75 billion with a groundbreaking perpetual bond that draws mainly Asian investors.
Posted inMagazine
Leading the Pack
Mexico’s anemic banking industry is back in shape and ready to grow, possibly at surprising rates. One bank in particular is especially well positioned: BBVA Bancomer.
Posted inMagazine
On the Home Front
Sane macroeconomic policies and government planning have boosted real estate investment in Mexico. Other countries should follow its lead.