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LatinNews Daily - 14 October 2019

In brief: Mexico reports results of operations to reduce Pemex’s debt burden

* Mexico’s finance ministry has announced the results of recent operations aimed at reducing the state-owned oil company Pemex’s debt burden. A finance ministry press release highlighted the refinancing of liabilities worth US$20.13bn which included the issuance of bonds worth US$7.5bn to refinance short-term debt, a repurchase and debt swap worth some US$8.7bn, and another debt swap worth US$3.9bn. The statement also notes that equity contributions from the federal government have reduced Pemex’s debt by US$5bn.

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