Petróleos Mexicanos in CHF600 Million Offering under MTN Program

Cleary Gottlieb represented long-time client Petróleos Mexicanos, the Mexican state oil company, in its Regulation S offering of CHF600 million aggregate principal amount of debt securities, which closed on December 8. The offering represented Pemex’s largest ever CHF-denominated debt offering. The securities were issued under Pemex’s medium-term notes program.

BNP Paribas and Credit Suisse acted as joint managers.