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United Mexican States - Tender Offer - Launch

The United Mexican States Announces New Offering of its Global Notes and Tender Offer


20 APRIL 2023


Full announcement including disclaimers and offer restrictions available via prnewswire


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"New Notes Offering


The United Mexican States ("Mexico") announced today the commencement of a global offering (the "New Notes Offering") of its global notes to be denominated in U.S. dollars due 2053 (the "New Notes"). The New Notes offered may include New Notes that are issued and sold to certain tendering holders in the Tender Offer (as described below). Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Mizuho Securities USA LLC and Morgan Stanley & Co. LLC will serve as Joint Lead Underwriters for the New Notes Offering.

The New Notes Offering is being made only by means of a preliminary prospectus supplement and an accompanying base prospectus. Copies of the preliminary prospectus supplement and the related prospectus for the New Notes Offering may be obtained from: Citigroup Global Markets Inc., by calling +1 (800) 831-9146, HSBC Securities (USA) Inc., by calling +1 (866) 811-8049, Mizuho Securities USA LLC, by calling +1 (866) 271-7403, or Morgan Stanley & Co. LLC, by calling +1 (800) 624-1808.

Application will be made for the New Notes to be admitted to listing on the Luxembourg Stock Exchange and admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange. Application will also be made to the London Stock Exchange plc (the "London Stock Exchange") for the New Notes to be admitted to trading on the London Stock Exchange's International Securities Market and the London Stock Exchange's Sustainable Bond Market.


Tender Offer


Mexico also announced today that it has commenced an offer to purchase for cash (the "Tender Offer") its outstanding notes of the series set forth in the table below (collectively, the "Old Notes," and each, a "series" of Old Notes) in an aggregate principal amount of all series of Old Notes that does not exceed an amount determined by Mexico in its sole discretion (the "Aggregate Maximum Purchase Amount").

Mexico will purchase notes of each series of Old Notes, in an aggregate principal amount for such series that does not exceed an amount determined by Mexico in its sole discretion (the "Maximum Purchase Amount" for such series). Mexico will give preference to tendering holders who concurrently submit an Indication of Interest (as defined below) for the purchase of New Notes. "Indication of Interest" means the submission to the underwriters of the New Notes Offering, during the Tender Period (as defined below), of a firm bid for an amount certain of New Notes at an indicated spread over the applicable Treasury bond yield. The Tender Offer is made on the terms and subject to the conditions contained in the Offer to Purchase, dated April 20, 2023 (the "Offer to Purchase"), including the pricing of the issue of the New Notes in an amount and on terms and subject to conditions acceptable to Mexico, which is expected to occur today. All capitalized terms used but not defined under the heading "Tender Offer" in this communication have the respective meanings specified in the Offer to Purchase."


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"The tender period (the "Tender Period") will commence at open of market today, and, unless extended or earlier terminated by Mexico in its sole discretion, the Tender Period will expire at 12:00 noon, New York City time, today for Non-Preferred Tenders and at 2:00 p.m., New York City time, today for Preferred Tenders."

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