Bond Petromex 7.19% ( USP78625DC49 ) in MXN

Issuer Petromex
Market price 100 %  ▲ 
Country  Mexico
ISIN code  USP78625DC49 ( in MXN )
Interest rate 7.19% per year ( payment 2 times a year)
Maturity 11/09/2024 - Bond has expired



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Minimal amount 100 MXN
Total amount /
Cusip P78625DC4
Standard & Poor's ( S&P ) rating NR
Moody's rating NR
Detailed description Petróleos Mexicanos (Pemex) is a Mexican state-owned petroleum company.

A specific bond issued by Petróleos Mexicanos (Pemex), bearing the ISIN USP78625DC49 and CUSIP P78625DC4, recently concluded its lifecycle, having matured and been fully redeemed on September 11, 2024. Pemex, or Petróleos Mexicanos, is the Mexican state-owned petroleum company, a pivotal entity in the nation's economy and one of Latin America's largest enterprises, holding a near-monopoly on Mexico's oil and gas exploration, production, refining, and distribution. The financial health and creditworthiness of Pemex are intricately linked to global energy markets and the broader Mexican sovereign risk, making its debt instruments keenly watched by investors seeking exposure to the region's energy sector. This particular bond was denominated in Mexican Pesos (MXN) and featured a fixed interest rate of 7.19%, with coupon payments disbursed semi-annually, indicated by its payment frequency of two. With a minimum purchase increment set at 100 units, the instrument was designed to attract a specific segment of the investor base. Upon its maturity on the stipulated date, the bond was settled at its par value, consistent with its listed current market price of 100%, signifying a full repayment to bondholders. Notably, this bond carried a 'Not Rated' (NR) designation from both major credit rating agencies, Standard & Poor's (S&P) and Moody's. While Pemex itself is rated as an entity, specific individual bond issuances may sometimes remain unrated, which can imply a lack of specific request for rating by the issuer for that particular tranche or a decision by the agencies not to assign one, potentially influencing its accessibility or risk perception for some institutional investors who require rated securities. The successful redemption of this bond underscores the timely fulfillment of financial obligations by the Mexican state-owned entity, providing a clear conclusion to its lifecycle as a debt instrument in the market.