Mexico’s $2 Billion Global Notes Offering

leary Gottlieb Steen & Hamilton and Ritch, Mueller, Heather y Nicolau advised on the transaction

United Mexican States (Mexico) executed a dollar-denominated registered offering of $2 billion of its 4.5% global notes due 2029.

Barclays Capital Inc.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; and Morgan Stanley & Co. LLC acted as underwriters for the offering.

The offering launched and priced on January 16, 2019, and closed on January 22, 2019. This was the first international offering by the new Mexican administration since taking office on December 1, 2018.

Cleary advised United Mexican States with a team including

Nicolas Grabar (Picture), Erika Nijenhuis, Carlos von der Heyde, Stephanie Fontana, Anthony Thomas Yanez, José Andrés de Saro, Mariano Sierra and Michael Eis.

Ritch, Mueller, Heather y Nicolau advised Barclays Capital Inc., Merryl Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC with Carlos Obregón and Luis Nicolau.

Involved fees earner: Jose Andres de Saro – Cleary Gottlieb Steen & Hamilton; Stephanie Fontana – Cleary Gottlieb Steen & Hamilton; Nicolás Grabar – Cleary Gottlieb Steen & Hamilton; Erika Nijenhuis – Cleary Gottlieb Steen & Hamilton; Mariano Sierra – Cleary Gottlieb Steen & Hamilton; Carlos von der Heyde – Cleary Gottlieb Steen & Hamilton; Anthony Thomas Yanez – Cleary Gottlieb Steen & Hamilton; Luis Nicolau Gutiérrez – Ritch, Mueller, Heather y Nicolau, SC; Carlos Obregón Rojo – Ritch, Mueller, Heather y Nicolau, SC;

Law Firms: Cleary Gottlieb Steen & Hamilton; Ritch, Mueller, Heather y Nicolau, SC;

Clients: Barclays Capital; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Morgan Stanley; United States of Mexico;

Author: Ambrogio Visconti