PEMEX in Debt Offering

Cleary Gottlieb represented long-time client Petróleos Mexicanos, the Mexican state oil company, in its Regulation S debt offering of €2.25 billion aggregate principal amount of securities, which closed on March 15.  The securities were issued in two tranches under Pemex’s medium-term notes program.

Crédit Agricole, Deutsche Bank, HSBC and Société Générale 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.