BANOBRAS SUCCESSFULLY PLACES 16 BILLION DEBT IN FONADIN STOCK CERTIFICATES

As part of its 2020-2023 Refinancing Program, the National Bank for Public Works and Services (Banobras), Trustee of the National Infrastructure Fund (Fonadin), successfully placed 16 billion pesos of debt in Trust Stock Certificates denominated in investment units (Udis) and endorsed by the Federal Government.

The resources obtained will be used to repay the debt, allowing it to be reduced and improving its profile.

The transaction had a demand of 1.6 times the amount placed and had the participation of Afores, insurers and government institutions.

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Tender for Comprehensive Mobility Model for the South Zone of the Guadalajara Metropolitan Area (Line 4)

Line 4 will be the first passenger transport route in Mexico to be incorporated into the freight train right of way; It will have 8 stations in 21 km and will initially move 106 thousand daily users.

It will provide a solution to move and connect the inhabitants of Tlajomulco with the rest of the AMG.

Source: Government of Jalisco / Mi Tren Linea 4

Project Information

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The Olmeca Refinery in Dos Bocas joins the National Refining System

To ensure energy self-sufficiency

  • First Construction Stage of the Olmeca Refinery in Dos Bocas, Paraíso, Tabasco.
  • It will process 340,000 barrels of crude oil per day, which will produce 170,000 barrels of gasoline and 120,000 barrels of ultra-low sulfur diesel.

Sorce: SENER

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Banobras successfully placed ten billion pesos through three bonds in the local debt market

The National Bank of Public Works and Services (Banobras) successfully placed two 3-year and 5-year variable-rate traditional-format bonds and one 10-year fixed-rate bond in pesos.

Source: Banobras

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Banobras receives ‘mxAAA’ rating on 3 bonds from S&P Global Ratings

S&P Global Ratings assigned its long-term national scale debt ratings – CaVal – of ‘mxAAA’ to the National Bank of Public Works and Services’ (Banobras) long-term development banking stock certificates.

The ratings assigned to these issues are equal to Banobras’ long-term national scale issuer credit rating (mxAAA).

Source: S&P Global Ratings

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FEDERAL EXECUTIVE PRESENTS 10 ACTIONS IN PROGRESS FOR THE RECOVERY OF PEMEX

In 2024 Mexico will reach self-sufficiency of fuels; In three years, the use of the National Refining System went from 32% to 50%

The goal for 2023-2024 is to process two million barrels of oil a day and produce 858 thousand barrels of gasoline and 542 thousand of diesel.

Source: Presidency of México

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Banobras authorizes financing for Section 1 of the Maya Train for 700 million pesos

With the Bank financing supports this priority project of the Government of Mexico.

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PEMEX signs agreement for the total purchase of the Deer Park Refinery

PEMEX signed an agreement to purchase 50.005% of Shell’s stake in the refinery located in Houston, Texas.

PEMEX will own 100% of the refinery once it has the regulatory approvals in the United States and the transaction is completed in the last quarter of the year.

With this transaction, PEMEX seeks to advance the country’s energy self-sufficiency.

Source: PEMEX

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Rating agencies ratify Mexico’s credit rating

The rating agencies recognize the solid management of the Mexican government’s debt during the pandemic, which limited indebtedness. They also point out that sustainable public finances support the country’s macroeconomic stability.

Source: SHCP

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Economic and public finance prospects for the end of 2021 and fiscal year 2022

It is estimated that by early 2022 the economy will fully regain its pre-pandemic level. The investment in infrastructure, the deepening of the financial sector, the reduction of the different gaps that restrict development and the greater commercial integration with our partners in the the United States-Mexico-Canada Agreement (USMCA), are factors that will help with the recovery of the Mexican economy.

Source: Ministry of Finance

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