Ex-Im Bank Underwrites $1 Billion Guarantee of Pemex Bonds

(The Economic Voice, Southampton, 24 October 2014) The Export-Import Bank of the United States (Ex-Im Bank) on Monday approved two authorizations totaling $1 billion in financing to support the export of U.S. goods and services to Petroleos Mexicanos (Pemex), Mexico’s national oil-and-gas company. Pemex will issue Ex-Im Bank-guaranteed bonds in capital markets to fund the purchases of these exports. [This development is taking place under Mexico’s recent liberalization the petroleum sector which allows private sector participation after decades of state monopoly.]