Petróleos Mexicanos (Pemex) filed a procedure to issue debt on the Bolsa Mexicana de Valores (BMV), marking its return to the local market after years of absence. The initial issuance reaches 31,500 million pesos as part of a program up to 100 billion, aiming to diversify financing and strengthen its debt profile.
Petróleos Mexicanos (Pemex) took a key step in its financing strategy by formally filing a procedure with the Bolsa Mexicana de Valores (BMV) to issue debt. This move includes a program up to 100 billion pesos, with an initial placement of 31,500 million pesos, according to information released by the BMV.
The oil company aims to diversify its funding sources, take advantage of current local market conditions, and extend maturities to strengthen its debt profile. The prospectus details that the issuance will be in up to three series, with fixed reference rates and TIIE funding, at maturities of 5, 8.5, and 10.5 years.
Pemex had not conducted a relevant and structured local issuance on the BMV since before the pandemic, so this 2026 placement marks its formal return to the peso debt market after several years of practical absence. Named 'Pemex 26', it is the first issuance under a new five-year debt program.
The issuance holds an 'AAA' local scale rating from Moody’s Local and HR Ratings, the highest in the Mexican market, making it eligible for institutional portfolios like Afores and insurers. This return is significant not only for the program's size but also for reactivating large-scale corporate emissions and testing institutional investors' appetite for sovereign-corporate risk in a high-rate environment.
