Pemex in Establishment of $1.5 Billion Ex Im-Guaranteed Export Financing Program and Related Offerings

September 30, 2013

Cleary Gottlieb represented long-time client Petróleos Mexicanos, the Mexican state oil company, in the establishment of a $1.5 billion export financing program with the Export-Import Bank of the United States, pursuant to which Pemex was authorized to offer Ex Im-guaranteed debt securities for the second time following the establishment of a similar program in 2012. In connection with the establishment of this program, Pemex priced $400 million principal amount of its 2.830% notes due 2024, Series 2013 1 (Pemex), on September 10 and $750 million principal amount of its floating rate notes due 2024, Series 2013 2 (Pemex), on September 19. The Series 2013 1 offering closed on September 19 and the Series 2013 2 offering closed on September 30.

Pemex is the largest company in Mexico and one of the largest crude oil producers and oil and gas companies in the world.