Cleary Gottlieb represented long-time client Petróleos Mexicanos, the Mexican state oil company, in the establishment of a $1.0 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 third time, following the establishment of similar programs in 2012 and 2013. In connection with the establishment of this program, Pemex priced $500 million principal amount of its floating rate notes due 2025, Series 2014-1, on October 2 and $500 million principal amount of its 2.378% notes due 2025, Series 2014-2, on October 8. The Series 2014-1 offering closed on October 14, and the Series 2014-2 offering closed on October 20.