The United Mexican States closed a $7.5 billion offering of global bonds, marking the largest SEC-registered issuance by the country in history.
The global offering was made in three tranches, with $1 billion of its 5% global notes due 2029, $4 billion of its 6% global notes due 2036 and $2.5 billion of its 6.4% global notes due 2054. The notes are listed on the Luxembourg Stock Exchange and admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange.
S&C, which acts as regular underwriters’ counsel in offerings by Mexico, represented Barclays, BofA Securities, J.P. Morgan, Morgan Stanley and Santander as joint bookrunners and underwriters.
The S&C team for the transaction included Chris Mann and Alan Fishman. Kirsten Rodger and Guilherme Cardoso da Cunha advised on U.K./EEA matters. Jeff Hochberg and Tristan Hood advised on U.S. tax matters.