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Mexico's state-owned oil firm Pemex will issue US$15bn in bonds next year to finance E&P projects it is awarded in collaboration with the country's private sector during round one.
Pemex will take advantage of low interest rates in 2015 to issue US$5bn more in bonds than this year, corporate finance director Mario Beauregard Álvarez told El Economista newspaper.
The funds will be used to finance a series of projects, especially those related to refining, he was quoted as saying.
Of the total issues planned for 2015, 80% will be on international markets and the remainder in Mexico, Álvarez said.
Earlier this month, Pemex issued US$2.5bn in fixed-rate bonds, due in 2025 and 2044, and which were five times oversubscribed.