Petróleos Mexicanos’ £450 Million Debt Offering
November 16, 2017
Cleary Gottlieb represented long-time client Petróleos Mexicanos (Pemex), the Mexican state oil company, in its £450 million Regulation S offering of 3.750 percent notes due 2025.
The securities were issued under Pemex’s medium-term notes program. The transaction is Pemex’s first British pound sterling debt offering since 2009.
The transaction closed on November 16, 2017.
Barclays and HSBC acted as joint lead managers. The securities were listed on the Luxembourg Stock Exchange and were admitted to trade on the Euro MTF market of the exchange.