Mexico in €1.6 Billion Notes Offering and Concurrent Tender Offer

April 22, 2013

Cleary Gottlieb recently represented the United Mexican States in a one-day issuance for cash of €1.6 billion principal amount of 2.75% notes due 2023 and a one-day invitation to holders of certain series of outstanding notes all maturing on or prior to 2020 to tender such notes for cash. The tender offer contained an innovative two-tiered proration mechanism. BNP Paribas, Deutsche Bank, London Branch and HSBC acted as joint lead managers for the new notes offering and as dealer managers for the concurrent tender offer.

The notes were issued under Mexico’s $110 billion global medium-term note program registered with the SEC, and were listed on the Luxembourg Stock Exchange on April 22. Cleary has represented Mexico as issuer in numerous previous securities transactions.