Review of Pemex’s Strategic Plan 2025–2035
Review of Pemex’s Strategic Plan 2025–2035 1) Financial self-sufficiency by 2027 • The Mexican government issued ~$12 billion USD in pre-capitalized bonds to cover Pemex’s debt obligations due in 2025 and 2026. These P-Caps are backed by U.S. Treasuries. If Pemex defaults, the Treasuries would be liquidated to compensate P-Caps investors, who would otherwise […]