Shearman & Sterling represented BBVA Securities Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc. as placement facilitation agents in connection with a Rule 144A/Regulation S international offering by Petróleos Mexicanos of Ps. 9,000,000,000 aggregate principal amount of its 7.47% Certificados Bursátiles due 2026 (the “Cebures”) initially settled, traded and held through the facilities of Euroclear Bank S.A./N.V., as operator of the Euroclear Clearance System plc ("Euroclear").
Petróleos Mexicanos is the first Mexican company to use this innovative link with Euroclear for Cebures, Mexican peso-denominated debt securities which are governed by Mexican law and make all payments in Mexican pesos. The international offering was made concurrently with a public offering in Mexico of Ps. 8,000,000,000 aggregate principal amount of the Cebures. The net proceeds from the issuance of the Cebures are being used by Petróleos Mexicanos for general corporate purposes.