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News Oct 16, 2014

Shearman & Sterling Advises on Petróleos Mexicanos’ US $1 Billion Notes and US $1.5 Billion Bonds

Shearman & Sterling represented Credit Agricole Securities (USA) Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with (i) an issuance of 4.250% Notes due 2025 in an aggregate amount of U.S. $1,000,000,000 and (ii) an issuance of 5.50% Bonds due 2044 in an aggregate amount of U.S. $1,500,000,000 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) and associates Grissel Mercado (New York-Capital Markets), Richard Bass (Sao Paulo-Capital Markets), Bob Xiong (New York-Capital Markets), Jeffrey Tate (Washington, DC-Tax), Judy Fisher (New York-Tax) and John Slater (New York-Corporate).

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