MEXICAN PETROLEUM | CIK:0000932782 | 3

  • Filed: 4/30/2018
  • Entity registrant name: MEXICAN PETROLEUM (CIK: 0000932782)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/932782/000119312518143901/0001193125-18-143901-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/932782/000119312518143901/ck0000932782-20171231.xml
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    • ifrs-full:DisclosureOfDetailedInformationAboutBorrowingsExplanatory

    As of December 31, 2017, long-term debt was as follows:

     

                  Pesos    

    Foreign

    currency

    		  
       

    Rate of interest(1)

    		   Maturity     (thousands)     (thousands)  

    U.S. dollars

    		        

    Bonds

    		   Fixed from 1.7% to 9.5% and LIBOR plus 0.35% to 3.65%     Various to 2047       Ps. 1,138,845,231     US$  57,556,097  

    Purchasing loans

    		   LIBOR plus 0.85%     Various to 2018       25,722,710       1,300,000  

    Project financing

    		  

    Fixed from 2.35% to 3.81% and

    LIBOR plus 0.24% to 1.75%

    		     Various to 2025       64,974,389       3,283,741  

    Direct loans

    		   Fixed from 5.25% to 5.44% and LIBOR plus 1.65%     Various to 2020       43,141,231       2,180,315  

    Syndicated loans

    		   LIBOR plus 0.85%     Various to 2020       39,347,774       1,988,597  

    Bank loans

    		   Fixed from 3.5% to 5.28%     Various to 2023       3,451,629       174,442  

    Financial leases

    		   Fixed from 0.38% to 1.99%     Various to 2025       7,621,062       385,161  

    Lease-back (See Financing activities for 2016 l) and m))(4)

    		   Fixed from 0.45% to 0.7%     Various to 2036       32,677,268       1,651,476  
         

     

     

    		    

     

     

    		  

    Total financing in U.S. dollars

    		         1,355,781,294     US$ 68,519,829  
         

     

     

    		    

     

     

    		  

    Euros

    		        

    Bonds

    		   Fixed from 1.875% to 5.5%     Various to 2030       287,386,195     € 12,097,975  

    Project financing

    		   Fixed from 2.1% to 5.11%     Various to 2023       11,879,379       500,081  
         

     

     

    		    

     

     

    		  

    Total financing in Euros

    		         299,265,574     € 12,598,056  
         

     

     

    		    

     

     

    		  

    Japanese yen:

    		        

    Bonds

    		   Fixed from 0.54% to 3.5% and LIBOR yen plus 0.75%     Various to 2026       30,541,407     ¥ 173,827,018  
         

     

     

    		    

     

     

    		  

    Pesos

    		        

    Certificados bursátiles

    		   Mexican Government Treasury Certificates (“Cetes”) , TIIE(1) less 0.06% to 1.35%, and fixed at 7.19% to 9.1%     Various to 2026       Ps. 149,564,918    

    Direct loans

    		   Fixed at 6.55% and TIIE plus 0.85% to 1.25%     Various to 2025       28,597,423    

    Syndicated loans

    		   TIIE plus 0.95     Various to 2025       33,646,107    
         

     

     

    		    

    Total financing in pesos

    		         Ps. 211,808,448    

    Unidades de Inversión Certificados bursátiles

    		        

    Certificados bursátiles

    		   Zero rate and Fixed at 3.02% to 5.23%     Various to 2035       57,197,211    
         

     

     

    		    

    Other currencies:

    		        

    Bonds

    		  

    Fixed from 1.5% to 8.25%

    		     Various to 2025       47,148,936    
         

     

     

    		    

    Total principal in pesos(2)

    		         2,001,742,870    

    Plus: accrued interest

    		         32,078,624    

    Notes payable to contractors(3)

    		         4,053,577    
         

     

     

    		    

    Total principal and interest

    		         2,037,875,071    

    Less: short-term maturities

    		         122,957,558    

    Current portion of notes payable to contractors(3)

    		         2,173,285    

    Accrued interest

    		         32,078,624    
         

     

     

    		    

    Total short-term debt and current portion of long-term debt

    		         157,209,467    
         

     

     

    		    

    Long-term debt (Note 16(c))

    		         Ps. 1,880,665,604    
         

     

     

    		    

    As of December 31, 2016, long-term debt was as follows:

     

        

    Rate of interest(1)

    		  

    Maturity

    		   Pesos
    (thousands)    		     Foreign
    currency
    (thousands)    		  

    U.S. dollars

    		         

    Bonds

    		    Fixed from 3.125% to 9.5% and LIBOR plus 0.35% to 2.02%   Various to 2046     Ps. 1,131,389,914     U.S. $ 54,751,738  

    Purchasing loans

    		    LIBOR plus 0.8% to 0.85%   Various to 2016     2,479,680       120,000  

    Project financing

    		   

    Fixed from 2.35% to 5.45% and

    LIBOR plus 0.01% to 1.71%

    		   Various to 2021     84,711,684       4,099,481  

    Direct loans

    		    Fixed at 5.44% and LIBOR plus 1.0%   Various to 2018     33,100,587       1,601,848  

    Syndicated loans

    		    LIBOR plus 0.85%   Various to 2020     41,056,571       1,986,865  

    Bank loans

    		    Fixed from 3.5% to 5.28%   Various to 2023     4,339,826       210,019  

    Financial leases

    		    Fixed from 0.38% to 1.99%   Various to 2025     9,559,060       462,595  

    Lease-back (See Financing activities for 2016 l) and m))(4)

    		    Fixed from 0.45% to 0.7%   Various to 2036     35,513,114       1,718,598  
          

     

     

    		    

     

     

    		  

    Total financing in U.S. dollars

    		          1,342,150,436     U.S. $ 64,951,144  
       

     

     

    		    

     

     

    		  

    Euros

    		         

    Bonds

    		    Fixed from 3.125% to 6.375%   Various to 2030     196,317,016     € 9,058,388  

    Project financing

    		    Fixed at 2%   Various to 2016     10,836,200       500,000  
          

     

     

    		    

     

     

    		  

    Total financing in Euros

    		          207,153,216     € 9,558,388  
          

     

     

    		    

     

     

    		  

    Japanese yen:

    		         

    Bonds

    		    Fixed at 3.5% and LIBOR yen plus 0.75%   Various to 2023     30,800,746     ¥ 173,809,300  

    Project financing

    		    Fixed at 1.56% and Prime Rate yen plus 2.56%   Various to 2017     517,286       2,919,056  
          

     

     

    		    

     

     

    		  

    Total financing in yen

    		          31,318,032     ¥ 176,728,356  
          

     

     

    		    

     

     

    		  

    Pesos

    		         

    Certificados bursátiles

    		    Mexican Government Treasury Certificates (“Cetes”) , TIIE(1) less 0.06% to 0.35%, and fixed at 7.19% to 9.15%   Various to 2026   Ps. 173,151,985    

    Direct loans

    		    Fixed at 6.55% and TIIE plus 0.55% to 1.25%   Various to 2025     45,563,848    

    Syndicated loans

    		    TIIE plus 0.95   Various to 2025     38,538,961    

    Revolved loans

    		   

    TIIE plus 0.55

    		   To 2016     20,000,000    
          

     

     

    		    

    Total financing in pesos

    		        Ps. 277,254,794    

    Unidades de Inversión Certificados bursátiles

    		         
            

    Certificados bursátiles

    		    Zero rate and Fixed at 3.02% to 5.23%   Various to 2035     53,703,421    
          

     

     

    		    

    Other currencies:

    		         

    Bonds

    		   

    Fixed from 2.5% to 8.25%

    		   Various to 2022     36,786,665    
          

     

     

    		    

    Total principal in pesos(2)

    		          1,948,366,564    

    Plus: accrued interest

    		          27,815,467    

    Notes payable to contractors(3)

    		          6,988,699    
          

     

     

    		    

    Total principal and interest

    		          1,983,170,730    

    Less: short-term maturities

    		          144,169,619    

    Current portion of notes payable to contractors(3)

    		          4,181,102    

    Accrued interest

    		          27,815,467    
          

     

     

    		    

    Total short-term debt and current portion of long-term debt

    		          176,166,188    
          

     

     

    		    

    Long-term debt (Note 16(c))

    		        Ps. 1,807,004,542