[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Tracy Shuchart (𝒞𝒽𝒾 ) [@chigrl](/creator/twitter/chigrl) on x 322.1K followers Created: 2025-07-22 21:12:41 UTC So, the gist is Mexico is going to sell bonds, use the cash to buy US Treasuries, and then use UST as security for loans from JPMorgan, Bank of America and Citi to try and pay back the Billions of dollars owed to suppliers >>> Mexican state oil company Pemex’s bonds jump on debt sale plan Mexico is preparing to sell up to $10bn of debt to help bail out Pemex, the indebted state oil company that has fallen behind on billions of dollars of payments to suppliers, people familiar with its plans have said. The country will use a Luxembourg-based special purpose vehicle to sell bonds due in 2030, and use the cash to buy US Treasuries, according to a government filing with the US Securities and Exchange Commission. The Treasuries would then be handed to Pemex, which would use them as security for loans from JPMorgan, Bank of America and Citi, it added. The use of an SPV will allow the Mexican government to avoid directly stepping in to support Pemex’s debts. The bonds will be classed as Mexican public debt but “will not be consolidated with the liabilities of Pemex or Mexico”, according to the filing. tent/500a64fc-e725-4e37-b17d-cc7203eadcf6 The company is one of Mexico’s largest and the money it owes its suppliers is becoming an economic drag in towns on the Gulf of Mexico. Suppliers are growing impatient at having to wait years for payment, with some of the world’s largest oil services groups, such as Halliburton, owed money. (Financial Times) XXXXXX engagements  **Related Topics** [$10bn](/topic/$10bn) [debt](/topic/debt) [united states](/topic/united-states) [bank of](/topic/bank-of) [security for](/topic/security-for) [ust](/topic/ust) [mexico](/topic/mexico) [tracy](/topic/tracy) [Post Link](https://x.com/chigrl/status/1947766776009220224)
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Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl on x 322.1K followers
Created: 2025-07-22 21:12:41 UTC
So, the gist is Mexico is going to sell bonds, use the cash to buy US Treasuries, and then use UST as security for loans from JPMorgan, Bank of America and Citi to try and pay back the Billions of dollars owed to suppliers >>>
Mexican state oil company Pemex’s bonds jump on debt sale plan
Mexico is preparing to sell up to $10bn of debt to help bail out Pemex, the indebted state oil company that has fallen behind on billions of dollars of payments to suppliers, people familiar with its plans have said.
The country will use a Luxembourg-based special purpose vehicle to sell bonds due in 2030, and use the cash to buy US Treasuries, according to a government filing with the US Securities and Exchange Commission.
The Treasuries would then be handed to Pemex, which would use them as security for loans from JPMorgan, Bank of America and Citi, it added.
The use of an SPV will allow the Mexican government to avoid directly stepping in to support Pemex’s debts. The bonds will be classed as Mexican public debt but “will not be consolidated with the liabilities of Pemex or Mexico”, according to the filing. tent/500a64fc-e725-4e37-b17d-cc7203eadcf6
The company is one of Mexico’s largest and the money it owes its suppliers is becoming an economic drag in towns on the Gulf of Mexico. Suppliers are growing impatient at having to wait years for payment, with some of the world’s largest oil services groups, such as Halliburton, owed money. (Financial Times)
XXXXXX engagements
Related Topics $10bn debt united states bank of security for ust mexico tracy