Petróleos Mexicanos (Pemex) achieved the refinancing of 1,430 million dollars, which represents 10.8% of its total debt to suppliers through the debt-for-bond swap program in which CitiBank participated as agent for the participation of 29 companies, almost all of the oil exploration and production sector.
In a document circulating among Pemex workers, it is highlighted that the price of each bond was 97.60 million dollars. It should be remembered that its maturity will be in 2029 with an interest rate of 8.75 percent.
Among the companies that met these requirements, from the highest to the lowest amount of Pemex debt, were: the drilling company Opex, with a refinancing of 188,592 million dollars; the energy efficiency and services company, Baker Hughes, with an amount of 178,871 million dollars; Steel Tubes from Mexico, with 177,373 million dollars; Akal Professional Driller, with an amount of 148,593 million dollars, and Dowel Schlumberger.