Petróleos Mexicanos Issues $4 Billion Offering
Cleary Gottlieb is representing long-time client Petróleos Mexicanos (Pemex), the Mexican state oil company, in its $4 billion Rule 144A/Reg S debt offering with registration rights, and in two concurrent liability management transactions.
Pemex’s debt offering of 5.350 percent notes due 2028 and 6.350 percent bonds due 2048, under its medium-term notes program, launched and priced on February 1, 2018. The liability management transactions also launched simultaneously on February 1, 2018.