Shearman & Sterling represented BBVA Securities, HSВС Securities (USA), J.P. Morgan Securities and Santander Investment Securities as managers in connection with the offering of $5 billion of securities issued in two separate tranches, a $2.5 billion issuance of 6.500% notes due 2027 and a $2.5 billion issuance of 6.750% bonds due 2047.  The offering was launched concurrently with the commencement of Petróleos Mexicanos’ offers to purchase for cash certain series of its existing debt securities.

The Team