Petróleos Mexicanos’ CHF365 Million Notes Offering


Cleary Gottlieb represented Petróleos Mexicanos (Pemex) on the transaction

Petróleos Mexicanos (Pemex), the Mexican state oil company, executed its CHF365 million offering of 1.750 percent notes due 2023, which closed on June 4, 2018.

The securities were issued under Pemex’s medium-term notes program.

BNP Paribas (Suisse) SA and UBS AG acted as joint managers. The securities were listed on the SIX Swiss Exchange.

Petróleos Mexicanos engages in the exploration, exploitation, refining, transportation, storage, distribution, and sale of crude oil, and natural gas in Mexico. The company, led by Carlos Treviño Medina, in 2017 recorded $76 Billion Revenues.

Cleary Gottlieb Steen & Hamilton advised PEMEX with a team including Jorge Juantorena (Picture), Alejandro Canelas Fernandez and Jessica Batlle.

Involved fees earner: Alejandro Canelas Fernandez – Cleary Gottlieb Steen & Hamilton; Jessica Batlle – Cleary Gottlieb Steen & Hamilton; Jorge Juantorena – Cleary Gottlieb Steen & Hamilton;

Law Firms: Cleary Gottlieb Steen & Hamilton;

Clients: Pemex – Petróleos Mexicanos;