Mexico Presidential Frontrunner Sees Pemex Refinancing Debt
- Claudia Sheinbaum is leading candidate ahead of June 2 vote
- Refinancing should be associated with oil production, she said
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Mexico’s leading presidential candidate Claudia Sheinbaum said she expects Petroleos Mexicanos, the world’s most indebted oil producer, to refinance its bonds ahead of upcoming maturities in 2025.
“By necessity it has to be in 2025, because there is a maturity of part of the debt coming up in the next year, and we have to work on that,” she said in an interview on the sidelines of Mexico’s annual banking convention in Acapulco. “Most likely the current Pemex CEO and the president are going to leave us with a long-term plan.”