Mexico in $4 Billion Notes Offering and Concurrent Tender Offer
January 23, 2015
Cleary Gottlieb recently represented the United Mexican States in offerings of $1 billion principal amount of 3.600% notes due 2025 and $3 billion principal amount of 4.600% notes due 2046, respectively, and a concurrent one-day invitation to holders of certain series of outstanding notes of Mexico maturing during or prior to 2040 to tender such notes for cash. Credit Suisse, Merrill Lynch and Morgan Stanley acted as joint lead managers for the new notes offerings and as dealer managers for the concurrent tender offer. The transactions closed on January 23, 2015.
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.