Petróleos Mexicanos’ £450 Million Notes Offering


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

Petróleos Mexicanos (Pemex), the Mexican state oil company, finalized 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.

Cleary Gottlieb Steen & Hamilton advised Petróleos Mexicanos (Pemex) with Jorge Juantorena (Picture), Erika Nijenhuis, Alejandro Canelas Fernandez, Isaac Silverstein, Itzell Mendez and Martin Simonis.

Ritch, Mueller, Heather y Nicolau advised Barclays Bank PLC and HSBC Bank PLC with Luis A. Nicolau Gutiérrez.

Involved fees earner: Luis Nicolau Gutiérrez – Ritch, Mueller, Heather y Nicolau, SC; Jorge Juantorena – Cleary Gottlieb Steen & Hamilton; Alejandro Canelas Fernandez – Cleary Gottlieb Steen & Hamilton; Erika Nijenhuis – Cleary Gottlieb Steen & Hamilton; Isaac Silverstein – Cleary Gottlieb Steen & Hamilton;

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

Clients: Barclays Bank; Hsbc Bank plc; Pemex – Petróleos Mexicanos;

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Author: Ambrogio Visconti