Petróleos Mexicanos’s $2 Billion Notes Offering

Cleary Gottlieb Steen & Hamilton, Shearman & Sterling, Ritch, Mueller, Heather y Nicolau and Thompson Hine advised on the deal

Petróleos Mexicanos (Pemex), the Mexican state oil company, executed its Rule 144A/Reg S debt offering of $2 billion aggregate principal amount of debt securities.

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.

Petróleos Mexicanos engages in the exploration, exploitation, refining, transportation, storage, distribution, and sale of crude oil, and natural gas in Mexico.

Cleary Gottlieb Steen & Hamilton advised Petróleos Mexicanos with Jorge Juantorena (Picture) Erika Nijenhuis, Alejandro Canelas Fernández, Jessica Repond, Jessica Batlle, David Stuckey, Martin Simonis and Rigoberto Chávez.

Shearman & Sterling advised HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Scotia Capital (USA) Inc. and UBS Securities LLC with Stuart Fleischmann, Grissel Mercado, Maria Marulanda Larsen, Robert Giannattasio and Zahrah Devji.

In Mexico, Ritch, Mueller, Heather y Nicolau advisedHSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Scotia Capital (USA) Inc. and UBS Securities LLC with Luis Nicolau, Carlos Obregón, José Berrueta Ochoa and Laura Treviño.

Thompson Hine advised Deutsche Bank Trust Company Americas acting as trustee on the transaction with a team including Irving C. Apar and Elizabeth Frayer.

 

Involved fees earner: Irving Apar – Thompson Hine; Elizabeth Frayer – Thompson Hine; Luis Nicolau Gutiérrez – Ritch, Mueller, Heather y Nicolau, SC; Carlos Obregón Rojo – Ritch, Mueller, Heather y Nicolau, SC; José Berrueta Ochoa – Ritch, Mueller, Heather y Nicolau, SC; Laura Treviño Pérez – Ritch, Mueller, Heather y Nicolau, SC; Stuart Fleischmann – Shearman & Sterling; Grissel Mercado – Shearman & Sterling; Maria Marulanda Larsen – Shearman & Sterling; Robert Giannattasio – Shearman & Sterling; Zahrah Devji – Shearman & Sterling; Jorge Juantorena – Cleary Gottlieb Steen & Hamilton; Alejandro Canelas Fernandez – Cleary Gottlieb Steen & Hamilton; Jessica Repond – Cleary Gottlieb Steen & Hamilton; Jessica Batlle – Cleary Gottlieb Steen & Hamilton; Erika Nijenhuis – Cleary Gottlieb Steen & Hamilton; David Stuckey – Cleary Gottlieb Steen & Hamilton;

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

Clients: HSBC; JP Morgan Securities; Scotia Capital Inc.; Pemex – Petróleos Mexicanos; Deutsche Bank Trust Company ; UBS Securities LLC;

 

Author: Ambrogio Visconti