Cleary represents Mexico in €2bn sustainable bond offering
Cleary Gottlieb has represented the United Mexican States (Mexico) in a registered offering of €2bn principal amount of its 4.4899% global bonds due 2032, linked to the United Nations Sustainable Development Goals (SDGs).
The offering was launched and priced on 18 January. This transaction represents Mexico’s fifth series of SDG-linked bonds in the international capital markets.
Mexico intends to allocate an amount equal to the proceeds from the sale of the bonds to budget programmes that qualify as eligible expenditures under Mexico’s SDG sovereign bond framework. The framework aims to integrate the achievement of the SDGs into Mexico’s national planning, budgetary and fiscal policies.
Banco Bilbao Vizcaya Argentaria, Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, HSBC Continental Europe and Natixis Securities Americas LLC acted as underwriters for the offering.
Cleary’s team included partner Jorge Juantorena (pictured), associates Olivia Wittels, Martin Sasson, and Rebecca Niederberger Martinez, law clerk Arlene Lopez, and international lawyer Stephanie Plata. Partner Matthew Brigham and associates Michael Sims and Joseph Roy advised on New York tax matters. All lawyers are based in New York except Joseph Roy, who is based in San Francisco.
