LatinNews Daily - 16 February 2026

*Mexico’s state-run oil company Petróleos Mexicanos (Pemex) has returned to the local markets after several years away, issuing bonds worth M$31.5bn (US$1.84bn). The bond placement consisted of M$5.5bn in notes maturing in 2036; M$17bn in notes due 2034; and M$9bn in notes maturing 2031. The issuance had a demand of M$63.3bn, equivalent to two times the total amount placed, which allowed for an average reduction of 42 basis points compared to the initial rate indication. In a statement, Pemex said that the resources will be used to pay financial liabilities maturing in 2026, without increasing its debt balances. Pemex stated that the operation “confirms the market’s strong interest in public company instruments and reflects investor confidence in the Comprehensive Capitalisation and Financing Strategy established in the 2025-2035 Strategic Plan” which is being implemented jointly by the finance ministry (SHCP) and Pemex on the instructions of President Claudia Sheinbaum. The last time Pemex issued debt on local markets was in December 2019, according to Bloomberg.

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