Shearman Logo

News Jan 27, 2015

Shearman & Sterling Advises on Petróleos Mexicanos’ Sale of US$6 Billion in Debt Securities—the First 2015 Latin American Sale

Shearman & Sterling represented BBVA Securities Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., and Morgan Stanley & Co. LLC as managers in connection with the offering of US$6.0 billion of securities issued in three separate tranches (collectively, the “Securities”), the first offering by a Latin American issuer in 2015.

The net proceeds from the issuance of the Securities are being used for general corporate purposes.

The following Shearman & Sterling team advised the managers in the transaction: partner Stuart Fleischmann (New York-Capital Markets) and associates Grissel Mercado (New York-Capital Markets), Richard Bass (New York-Capital Markets), Jeffrey Tate (Washington, DC-Tax), Matt Wochok (Washington, DC-Tax) and Erica Kassman (New York-Corporate).

Regional Experience