MEXICO CITY, Sept 17 (Reuters) - Mexico will inject nearly $14 billion into highly indebted state oil company Pemex after it raised funds through two recent bond issuances on international markets, the nation's finance ministry said on Wednesday.

The dollar-denominated and euro-denominated bond issues will largely go toward buying back $9.9 billion worth of Pemex bonds, the finance ministry said, after that buyback closed early because demand exceeded the offer.

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This will "smooth out" Pemex's debt maturity profile, the ministry said, as the state company had payments coming due in 2026 and 2027.

Pemex is one of the world's most heavily indebted energy companies, with nearly $100 billion in financial debt and some $22 billion owed to suppliers and contractors.

In August, the government rolled out a sweeping plan to end its handouts for the company by 2027.

"The transactions will equivalently reduce Pemex's previously contracted foreign currency obligations, in order to stabilize the public company's debt at a level that will allow it to strengthen its credit and liquidity profile while reducing its financing costs," the ministry said in a statement.

https://www.reuters.com/business/energy/mexico-inject-nearly-14-billion-into-pemex-after-fresh-debt-offers-2025-09-17/