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News May 09, 2014

Shearman & Sterling Advises on Petróleos Mexicanos’ €1 Billion Notes Offering

Shearman & Sterling represented Barclays Bank PLC, HSBC Bank plc and Morgan Stanley & Co. International plc as joint lead managers and joint bookrunners in connection with an issuance of €1,000,000,000, 3.75% notes due 2026 of Petróleos Mexicanos (“Pemex”) and guaranteed by its wholly owned subsidiaries Pemex-Exploración y Producción, Pemex-Refinación and Pemex-Gas y Petroquímica Básica.

The following Shearman & Sterling team advised the joint lead managers and joint bookrunners in the transaction: partner Stuart Fleischmann (New York-Capital Markets); associates Grissel Mercado (New York-Capital Markets), Richard Bass (São Paulo-Capital Markets), Jeffrey Tate (Washington, DC-Tax) and Scott Lucas (San Francisco-Capital Markets); and international associate Ivan Iais (New York-Capital Markets).

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