Mexico in €2.5 Billion Global Notes Offering

Cleary Gottlieb recently represented the United Mexican States in investment grade offerings of €1.25 billion aggregate principal amount of 1.625% global notes due 2024 and €1.25 billion aggregate principal amount of 3.000% global notes due 2045. Banco Santander, Barclays Bank and Deutsche Bank, London Branch acted as joint lead managers for the global notes offering. The transaction closed on March 6, 2015.

The global 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. This is Mexico’s first Euro issuance since April 2014 and the first euro issuance containing Mexico’s amended collective action and ranking clauses.

Cleary Gottlieb has previously represented Mexico as issuer in numerous securities transactions.