The United Mexican States closed a €2.4 billion offering of global bonds, marking the sovereign’s second SEC-registered issuance this year.
The global offering was made in two tranches, with €1.4 billion of its 4.625% global notes due 2033 and €1 billion of its 5.125% global notes due 2037. 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, including this year’s record $8.5 billion global bond offering and last year’s then-record $7.5 billion global bond offering, represented BNP PARIBAS, Crédit Agricole Corporate and Investment Bank, Deutsche Bank, London Branch, HSBC Bank and Société Générale as joint lead underwriters.
The S&C team advising the underwriters on the transaction consisted of Chris Mann, Alan Fishman and Renata Mascarenhas. Kirsten Rodger advised on UK/EEA matters. Jeff Hochberg advised on U.S. tax matters.