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LatinNews Daily - 16 December 2020

In brief: Mexico’s Pemex announces debt operation

* Mexico’s state-owned oil company Pemex has announced that it has carried out a debt operation worth M$95.6bn (US$4.8bn) which will enable it to cover short-term financial liabilities. According to a statement, the financial operation, which was carried out with the finance ministry (SHCP), and involved the monetisation of bonds following an exchange of government securities, is in line with various steps taken by Pemex since the start of the coronavirus (Covid-19) pandemic to mitigate the fall in income, while not raising public debt above the ceiling approved by the federal congress.

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