Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are PEMEXs 2010 Financing Plans?

April 26, 2017financing pemex plans

0

Posted

What are PEMEXs 2010 Financing Plans?

1 Answer

0

Posted

PEMEX’s financing program for 2010 reflects an increase in issuances from U.S. $9.9 billion in 2009 to approximately U.S. $14.0 billion, in order to pre-finance investment activities for 2011, and to take advantage of recently observed market opportunities. In addition, amortizations have increased from U.S. $7.1 billion to approximately U.S. $9.0 billion in 2010 and estimated final cash has increased from U.S. $5.9 billion in 2009 to approximately U.S. $7.0 billion 2010. As of September 30, 2010, PEMEX had obtained financing for approximately U.S. $10.0 billion and expected to obtain approximately U.S. $ 4.8 billion from Export Credit Agencies (ECAs), contractor financing and bank loans. Moreover, additional capital could be raised in capital markets (either local or international), if market opportunities were available.