Mexican State Oil Firm Pemex's Financial Debt Poised to Drop to $80Bn At End-Q3

• Mexican state oil firm Pemex's financial debt should end the third quarter at around $80Bn, according to the Finance Minister.
• Pemex is one of the world's most heavily indebted energy companies, with nearly $100 billion in financial debt and some $22Bn owed to suppliers and contractors.
• The oil producer is slated to receive some 263.5Bn pesos ($14.30Bn) from the government in 2026 to help the firm meet its debt and loan payments, according to the government's budget plan.
• Mexico is set to raise around $14Bn through two fresh bond issues, launched earlier this month to go toward Pemex, with the majority of the funds paying for a sweeping Pemex bond buyback.

(Source: Reuters)