Cleary Gottlieb represented long-time client Petróleos Mexicanos (Pemex), the Mexican state oil company, in its Rule 144A/Reg S debt offering of $2 billion aggregate principal amount of debt securities.
The transaction priced on October 16, 2018, and is expected to close on October 23, 2018.
The securities are being issued in one tranche under Pemex’s medium-term notes program.
HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Scotia Capital (USA) Inc., and UBS Securities LLC acted as joint lead managers. The securities will be listed on the Luxembourg Stock Exchange and traded on the Euro MTF market of the exchange.