Pemex instructs Cleary Gottlieb on €3bn offering
Cleary Gottlieb advised long-time client Pemex on its €3.15 billion debt offering and concurrent cash tender offer.
Petróleos Mexicanos (Pemex) is the Mexican state oil company.
The securities were issued under Pemex’s medium-term notes program in reliance on Regulation S and were listed on the Luxembourg Stock Exchange and admitted to trade on the Euro MTF market of the exchange. The tender offer for Pemex’s outstanding 3.750 notes due 2019 issued under Regulation S also launched on May 16, 2018, and closed on May 24, 2018.
BBVA, Santander, Deutsche Bank and Société Générale acted as joint lead managers for the debt offering and dealer managers for the tender offer.
Partner Jorge Juantorena led the Cleary team advising Pemex.