Mexico in $2 Billion Global Notes Offering

November 25, 2014

Cleary Gottlieb recently represented the United Mexican States in an investment grade offering of $2 billion aggregate principal amount of 3.600% global notes due 2025. Goldman Sachs and J.P. Morgan acted as joint lead managers for the global notes offering. The transaction closed on November 25.

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 issuance pursuant to an indenture between Mexico and Deutsche Bank Trust Company Americas, as trustee, containing Mexico’s amended collective action and ranking clauses.

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