MEXICO CITY (Reuters) – Mexico’s $5 billion rescue package deal to pay down debt at Pemex [PEMX.UL] is a one-of-a-kind transaction that ought to give the struggling state oil firm respiratory area to deal with output and prices, Deputy Finance Minister Gabriel Yorio stated.

Mexico’s Undersecretary of Finance and Public Credit score Gabriel Yorio speaks throughout an interview with Reuters in Mexico Metropolis, Mexico September 11, 2019. REUTERS/Edgard Garrido

Yorio informed Reuters in an interview on Wednesday that the transaction, which additionally features a debt refinancing plan, can be the final help the federal government provides to the world’s most indebted oil firm…

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