Mexico in $6.3 Billion Bond Offering and Reopening

Cleary Gottlieb represented the United Mexican States (Mexico) in a registered offering totaling $6.3 billion, comprised of $4.8 billion principal amount of 6.25% global bonds due 2037, and $1.5 billion additional principal amount of its 6.75% global bonds due 2056.

The offering launched and priced on June 22, 2026, and is expected to close on June 29, 2026. Mexico intends to use the net proceeds from the sale of the bonds toward the payment of the redemption price for its U.S. dollar-denominated 4.15% notes due 2027, U.S. dollar-denominated 3.75% notes due 2028, U.S. dollar-denominated 5.4% notes due 2028, and euro-denominated 3.625% notes due 2029, and otherwise for its general financing purposes.

Barclays Capital Inc., BNP Paribas Securities Corp., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., and MUFG Securities Americas Inc. acted as underwriters for the offering.

Cleary has previously represented Mexico, as issuer, in numerous securities transactions for more than 30 years.

The Cleary team included partners Jorge Juantorena and Manuel Silva; associates Martin Sasson, Sonia Montejano, and Cosmo Albrecht; and law clerk Micaela Mingramm. Partner Matthew Brigham, associate Mingyu Tang, and law clerk Jiyoung Kim advised on New York tax matters.