EX-99.1 21 d941670dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

PETRÓLEOS MEXICANOS

Offers to Exchange Securities

which have been

Registered under the Securities Act of 1933, as amended,

and which are

Jointly and Severally Guaranteed by

Pemex Exploración y Producción, Pemex Transformación Industrial and Pemex Logística and their

respective successors and assignees,

for any and all of its Corresponding Outstanding Securities

 

CUSIP Nos. of
Old Securities

  

ISIN Nos. of
Old Securities

  

Old Securities of
Petróleos Mexicanos

  

Corresponding New Securities of
Petróleos Mexicanos, which have
been registered under the
Securities Act

71654Q CQ3
(Rule 144A)
P78625 DW0
(Reg. S)

   US71654QCQ38
(Rule 144A)
USP78625DW03
(Reg. S)
   U.S. $2,360,430,000 of 6.490% Notes due 2027    Up to U.S. $2,360,430,000 of 6.490% Notes due 2027

71654Q CT7
(Rule 144A)
P78625 DX8
(Reg. S)

   US71654QCT76
(Rule 144A)
USP78625DX85
(Reg. S)
   U.S. $4,420,831,000 of 6.840% Notes due 2030    Up to U.S. $4,420,831,000 of 6.840% Notes due 2030

71654QCZ3
(Rule 144A)
P78625EA7
(Reg. S)

   US71654QCZ37
(Rule 144A)
USP78625EA73
(Reg. S)
   U.S. $3,800,000,000 of 5.950% Notes due 2031    Up to U.S. $3,800,000,000 of 5.950% Notes due 2031

71654Q CW0
(Rule 144A)
P78625 DY6
(Reg. S)

   US71654QCW06
(Rule 144A)
USP78625DY68
(Reg. S)
   U.S. $8,066,405,000 of 7.690% Bonds due 2050    Up to U.S. $8,066,405,000 of 7.690% Bonds due 2050

71654QDA7
(Rule 144A)
P78625EB5
(Reg. S)

   US71654QDA76
(Rule 144A)
USP78625EB56
(Reg. S)
   U.S. $3,800,000,000 of 6.950% Bonds due 2060    Up to U.S. $3,800,000,000 of 6.950% Bonds due 2060

Pursuant to the Prospectus dated         , 2020

 

To:

Brokers, Dealers, Commercial Banks,

Trust Companies and Other Nominees:

Upon and subject to the terms and conditions set forth in the prospectus, dated _____, 2020 (the “Prospectus”), Petróleos Mexicanos (the “Issuer”), a productive state-owned company of the Federal Government of the United Mexican States, and Pemex Exploración y Producción, Pemex Transformación Industrial and Pemex Logística and their respective successors and assignees (the “Guarantors”), are making offers to exchange (the “Exchange Offers”) registered 6.490% Notes due 2027, registered 6.840% Notes due 2030, registered 5.950% Notes due 2031, registered 7.690% Bonds due 2050 and registered 6.950% Bonds due 2060 (together, the “New Securities”) for any and all outstanding 6.490% Notes due 2027, 6.840% Notes due 2030, 5.950% Notes due 2031, 7.690% Bonds due 2050 and 6.950% Bonds due 2060 (together, the “Old Securities”) of the Issuer. The Exchange Offers are being made in order to satisfy certain of the Issuer’s obligations under the Registration Rights Agreement referred to in the Prospectus.


We are requesting that you contact your clients for whom you hold any Old Securities regarding the Exchange Offers. For your information and for forwarding to your clients for whom you hold Old Securities registered in your name or in the name of your nominee, or who hold any Old Securities registered in their own names, we are enclosing multiple sets of the following documents:

1. Prospectus dated         , 2020;

2. A form letter that may be sent to your clients for whose account you hold any Old Securities registered in your name or the name of your nominee, with space provided for obtaining such clients’ instructions with regard to the Exchange Offers.

Your prompt action is requested. The Exchange Offers will expire at 5:00 p.m., New York City time, on         , 2020 (the “Expiration Date”), unless extended by the Issuer. Any Old Securities tendered pursuant to the Exchange Offers may be withdrawn at any time before the Expiration Date, unless previously accepted by the Issuer.

Tenders of any Old Securities for exchange pursuant to the Exchange Offers may be made only by book-entry transfer of the Old Securities to the account established by the Exchange Agent referred to below at the Book-Entry Transfer Facility maintained by The Depository Trust Company (“DTC”), together with a computer generated message, transmitted by means of DTC’s Automated Tender Offer Program system and received by the Exchange Agent, in which the tendering holder agrees to be bound by the terms and conditions of the Exchange Offers as set forth in the Prospectus.

Additional copies of the enclosed materials may be obtained from Deutsche Bank Trust Company Americas, as Exchange Agent, c/o DB Services Americas, Inc., Trust and Security Services, Attention: Reorg Department, 5022 Gate Parkway, Suite 200, Jacksonville, Florida 32256, Telephone: (800) 735-7777.

 

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