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News Feb 10, 2016

Shearman & Sterling Advises on Petróleos Mexicanos’ Sale of US$5 Billion in Debt Securities – The First 2016 Latin American Corporate Sale

Shearman & Sterling represented BBVA Securities Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner and Smith Incorporated and Santander Investment Securities Inc. as managers in connection with the offering of US$5 billion of securities issued in three separate tranches -- the first offering by a Latin American corporate issuer in 2016.

The Shearman & Sterling team included partner Stuart Fleischmann (New York-Capital Markets), counsel Grissel Mercado (New York-Capital Markets), and associates Erica Kassman (New York-Corporate) and Yesenia Barberena (New York-Corporate). Other Shearman & Sterling lawyers involved in the transaction were associates Jeffrey Tate (Washington, DC-Tax) and Adam Sternberg (New York-Tax).