Pemex Plans to Sell 10 Billion Pesos of Bonds on March 10

Petroleos Mexicanos, Latin America’s largest oil producer, plans to sell about 10 billion pesos ($833.5 million) of bonds in the domestic market on March 10 as it seeks to refinance debt.

Financing conditions “look good” and Pemex, as the state-owned company is known, is determining the final size of the issue, Chief Financial Officer Ignacio Quesada said today in an interview in Houston. The sale “should be in the order” of 10 billion pesos, he said.