Mexico in $3.9 Billion Notes Offering and Concurrent Tender Offer

Cleary Gottlieb represented the United Mexican States in an offering of $3.9 billion principal amount of 4.00% notes due 2023 and a one-day invitation to holders of certain series of outstanding notes all maturing during or prior to 2020 to tender such notes for cash. Goldman Sachs, Merrill Lynch and Morgan Stanley acted as joint lead managers for the new notes offering and as dealer managers for the concurrent tender offer. The transactions closed on October 2.

The new 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.

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