Mexico’s Pemex to issue $1 billion bonds guaranteed by Ex-Im Bank

By Angela McDaniels

Tacoma, Wash., Oct. 1 – Petroleos Mexicanos SAB de CV plans to issue $1 billion of bonds with a guarantee from the Export-Import Bank of the United States, according to a news release from the bank.

The bank approved on Monday two authorizations totaling $1 billion of financing.

Pemex, a Mexico City-based petrochemical company, will use the proceeds to purchase U.S. goods and services.

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