Obligation Mexica 4.125% ( US91086QBG29 ) en USD

Société émettrice Mexica
Prix sur le marché refresh price now   99.22 %  ▼ 
Pays  Mexique
Code ISIN  US91086QBG29 ( en USD )
Coupon 4.125% par an ( paiement semestriel )
Echéance 20/01/2026



Prospectus brochure de l'obligation Mexico US91086QBG29 en USD 4.125%, échéance 20/01/2026


Montant Minimal /
Montant de l'émission /
Cusip 91086QBG2
Prochain Coupon 21/01/2026 ( Dans 151 jours )
Description détaillée Le Mexique, pays d'Amérique du Nord, possède une riche histoire précolombienne, une culture vibrante mêlant influences indigènes et européennes, et une grande diversité géographique allant de déserts arides à des forêts tropicales luxuriantes.

Le marché obligataire présente actuellement une obligation souveraine émise par le Mexique, un pays émergent majeur d'Amérique latine dont la stabilité économique et la dynamique des échanges commerciaux jouent un rôle significatif dans la région, identifiée par le code ISIN US91086QBG29 et le code CUSIP 91086QBG2 ; cette émission, libellée en dollars américains (USD), propose un taux d'intérêt annuel de 4.125% versé avec une fréquence semestrielle, arrivera à maturité le 20 janvier 2026, et se négocie actuellement sur le marché à 99.22% de sa valeur nominale.











Prospectus Supplement dated October 4, 2016
To Prospectus dated March 10, 2016

United Mexican States

U.S. $760,000,000 4.125% Global Notes due 2026
U.S. $2,000,000,000 4.350% Global Notes due 2047

The 4.125% Global Notes due 2026 (the "2026 notes") will mature on January 21, 2026. The 4.350% Global Notes due
2047 (the "2047 notes") will mature on January 15, 2047. We refer to the 2026 notes and the 2047 notes collectively as the
"notes." Mexico will pay interest on the 2026 notes on January 21 and July 21 of each year, commencing January 21, 2017.
Mexico will pay interest on the 2047 notes on January 15 and July 15 of each year, commencing January 15, 2017. Mexico
may redeem the notes in whole or in part before maturity, at par plus the Make-Whole Amount and accrued interest, as
described herein. The notes will not be entitled to the benefit of any sinking fund. The offering of the 2026 notes and the
offering of the 2047 notes, each pursuant to this prospectus supplement, are not contingent upon one another.
The 2026 notes will be consolidated and form a single series with, and be fungible with, the outstanding U.S.
$2,250,000,000 4.125% Global Notes due 2026 (CUSIP No. 91086QBG2, ISIN US91086QBG29, Common Code
134892722), previously issued by Mexico.
The notes will be issued under an indenture, and each of the 2026 notes and the 2047 notes constitutes a separate series
under the indenture. The indenture contains provisions regarding future modifications to the terms of the notes that differ from
those applicable to Mexico's outstanding public external indebtedness issued prior to November 10, 2014. Under these
provisions, which are described beginning on page 17 of the accompanying prospectus dated March 10, 2016, Mexico may
amend the payment provisions of the notes and other reserved matters listed in the indenture with the consent of the holders of:
(1) with respect to a single series of notes, more than 75% of the aggregate principal amount of the outstanding notes of such
series; (2) with respect to two or more series of notes, if certain "uniformly applicable" requirements are met, more than 75%
of the aggregate principal amount of the outstanding notes of all series affected by the proposed modification, taken in the
aggregate; or (3) with respect to two or more series of notes, more than 66 2/3% of the aggregate principal amount of the
outstanding notes of all series affected by the proposed modification, taken in the aggregate, and more than 50% of the
aggregate principal amount of the outstanding notes of each series affected by the proposed modification, taken individually.
The outstanding 2026 notes have been listed on the Luxembourg Stock Exchange. Application has been made to list the
new 2026 notes and the 2047 notes on the Luxembourg Stock Exchange and to have the notes admitted to trading on the Euro
MTF Market of the Luxembourg Stock Exchange.
Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of
these securities or determined whether this prospectus supplement or the related prospectus is truthful or complete.
Any representation to the contrary is a criminal offense.
The notes have not been and will not be registered with the National Securities Registry maintained by the Mexican
National Banking and Securities Commission ("CNBV"), and therefore may not be offered or sold publicly in Mexico.
The notes may be offered or sold to qualified and institutional investors in Mexico, pursuant to the private placement
exemption set forth under Article 8 of the Mexican Securities Market Law. As required under the Mexican Securities
Market Law, Mexico will give notice to the CNBV of the offering of the notes under the terms set forth herein. Such
notice will be submitted to the CNBV to comply with the Mexican Securities Market Law, and for informational
purposes only. The delivery to, and receipt by, the CNBV of such notice does not certify the solvency of Mexico, the
investment quality of the notes, or that the information contained in this prospectus supplement, the prospectus
supplement or the prospectus is accurate or complete. Mexico has prepared this prospectus supplement and is solely
responsible for its content, and the CNBV has not reviewed or authorized such content.



Proceeds to Mexico,
Price to Public(1)
Underwriting Discounts
before expenses(1)
Per 2026 note
108.831 %
0.170%
108.661%
Total for 2026 notes
U.S. $827,115,600
U.S. $1,292,000
U.S. $825,823,600
Per 2047 note
99.735%
0.190%
99.545%
Total for 2047 notes
U.S. $1,994,700,000
U.S. $3,800,000
U.S. $1,990,900,000
(1) Plus accrued interest from July 21, 2016 for the 2026 notes and from August 11, 2016 for the 2047 notes to the date of settlement, which is
expected to be August 11, 2016. The amount of accrued interest on the 2026 notes from July 21, 2016 to August 11, 2016 is $1,741,666.67.
The notes were delivered in book-entry form only through the facilities of The Depository Trust Company ("DTC"), the
Euroclear System ("Euroclear") and Clearstream Banking, société anonyme, Luxembourg ("Clearstream, Luxembourg")
against payment on August 11, 2016.


Joint Bookrunners
BBVA
BofA Merrill Lynch
Credit Suisse
____________________
October 4, 2016

This prospectus supplement and the attached prospectus dated March 10, 2016 shall constitute a prospectus for the
purpose of the Luxembourg Law dated 10 July 2005 on Prospectuses for Securities, as amended.


2



TABLE OF CONTENTS


Prospectus Supplement
Prospectus
About this Prospectus ........................................ 1
About This Prospectus Supplement ................... 4
Forward-Looking Statements ............................ 1
Use of Proceeds.................................................. 6
Data Dissemination ............................................ 2
Summary ............................................................ 7
Use of Proceeds ................................................. 2
Description of the Notes .................................. 12
Risk Factors ....................................................... 3
Recent Developments ...................................... 15
Description of the Securities .............................. 6
Taxation ........................................................... 30
Taxation ........................................................... 26
Plan of Distribution .......................................... 31
Plan of Distribution ......................................... 33
Official Statements .......................................... 41
Validity of the Securities ................................. 43
Authorized Representative............................... 44
Where You Can Find More Information ......... 44
Glossary ........................................................... 46

____________________
Mexico is a foreign sovereign state. Consequently, it may be difficult for investors to obtain
or realize upon judgments of courts in the United States against Mexico. See "Risk Factors" in the
accompanying prospectus.
3



ABOUT THIS PROSPECTUS SUPPLEMENT

This prospectus supplement supplements the accompanying prospectus dated March 10, 2016,
relating to Mexico's debt securities and warrants. If the information in this prospectus supplement differs
from the information contained in the prospectus, you should rely on the information in this prospectus
supplement.
You should read this prospectus supplement along with the accompanying prospectus. Both
documents contain information you should consider when making your investment decision. Mexico is
responsible for the information contained and incorporated by reference in this prospectus and in any
related free-writing prospectus or prospectus supplement that Mexico prepares or authorizes. Mexico has
not authorized anyone else to provide you with any other information, and takes no responsibility for any
other information that others may give you. Mexico and the underwriters are offering to sell the notes
and seeking offers to buy the notes only in jurisdictions where it is lawful to do so. The information
contained in this prospectus supplement and the accompanying prospectus is current only as of the dates
of this prospectus supplement and the accompanying prospectus, respectively.
Mexico is furnishing this prospectus supplement and the prospectus solely for use by prospective
investors in connection with their consideration of a purchase of the notes. Mexico confirms that:
· the information contained in this prospectus supplement and the accompanying prospectus is
true and correct in all material respects and is not misleading;
· it has not omitted other facts the omission of which makes this prospectus supplement and the
accompanying prospectus as a whole misleading; and
· it accepts responsibility for the information it has provided in this prospectus supplement and
the accompanying prospectus.
This prospectus supplement does not constitute an offer to sell or the solicitation of an offer to
buy any notes in any jurisdiction to any person to whom it is unlawful to make the offer or solicitation in
such jurisdiction. The distribution of this prospectus supplement and the offer or sale of notes may be
restricted by law in certain jurisdictions. Mexico and the underwriters do not represent that this
prospectus supplement may be lawfully distributed, or that any notes may be lawfully offered, in
compliance with any applicable registration or other requirements in any such jurisdiction, or pursuant to
an exemption available thereunder, or assume any responsibility for facilitating any such distribution or
offering. In particular, no action has been taken by Mexico or the underwriters which would permit a
public offering of the notes or distribution of this prospectus supplement in any jurisdiction where action
for that purpose is required. Accordingly, no notes may be offered or sold, directly or indirectly, and
neither this prospectus supplement nor any offering material may be distributed or published in any
jurisdiction, except under circumstances that will result in compliance with any applicable laws and
regulations and the underwriters have represented that all offers and sales by them will be made on the
same terms. Persons into whose possession this prospectus supplement comes are required by Mexico
and the underwriters to inform themselves about and to observe any such restriction. In particular, there
are restrictions on the distribution of this prospectus supplement and the offer or sale of notes in Chile,
Colombia, the European Economic Area, France, Germany, Hong Kong, Italy, Japan, Mexico, the
Netherlands, Singapore, Spain, Switzerland, the United Kingdom and Uruguay, see the section entitled
"Plan of Distribution" in the accompanying prospectus.
4






Mexico is furnishing this prospectus supplement and the accompanying prospectus solely for use
by prospective investors in connection with their consideration of a purchase of the notes. Mexico
confirms that:
· the information contained in this prospectus supplement and the accompanying prospectus is true
and correct in all material respects and is not misleading;
· it has not omitted other facts, the omission of which makes this prospectus supplement and the
accompanying prospectus as a whole misleading; and
· it accepts responsibility for the information it has provided in this prospectus supplement and the
accompanying prospectus.

5






USE OF PROCEEDS
The net proceeds to Mexico from the sale of the notes will be approximately U.S.
$2,816,523,600, after the deduction of the underwriting discount and Mexico's share of the expenses in
connection with the sale of the notes, which are estimated to be approximately U.S. $200,000. Mexico
intends to apply all the net proceeds of the offering of the notes towards the redemption of all of its
outstanding 5.625% Global Notes due 2017 (the "2017 notes"). The outstanding principal amount of the
2017 notes, which are scheduled to mature in January 2017, is approximately U.S. $2,760,633,000, and
Mexico plans to give a notice of redemption pursuant to the provisions of the 2017 notes promptly
following the pricing of the offering of the notes.
6






SUMMARY
This summary highlights information contained elsewhere in this prospectus supplement and the
accompanying prospectus. It does not contain all the information that you should consider before
investing in the notes. You should carefully read this entire prospectus supplement.


Issuer
The United Mexican States
Aggregate Principal Amount
For the 2026 notes: U.S. $760,000,000
For the 2047 notes: U.S. $2,000,000,000
Issue Price
For the 2026 notes: 108.831%, plus accrued interest from July
21, 2016
For the 2047 notes: 99.735%, plus accrued interest, if any, from
August 11, 2016
Issue Date
For the 2026 notes: August 11, 2016
For the 2047 notes: August 11, 2016
Maturity Date
For the 2026 notes: January 21, 2026
For the 2047 notes: January 15, 2047
Specified Currency
U.S. dollars (U.S. $)
Authorized Denominations
U.S. $200,000 and integral multiples of U.S. $1,000 in excess
thereof
Fungibility
The 2026 notes will be consolidated and form a single series
with, and be fungible with, the outstanding U.S. $2,250,000,000
4.125% Global Notes due 2026 (CUSIP No. 91086QBG2, ISIN
US91086QBG29, Common Code 134892722), previously
issued by Mexico.
Form
Registered; Book-Entry through the facilities of DTC, Euroclear
and Clearstream, Luxembourg.
Interest Rate
For the 2026 notes: 4.125% per annum, accruing from July 21,
2016
For the 2047 notes: 4.350% per annum, accruing from August
11, 2016
Interest Payment Date
For the 2026 notes: Semi-annually on January 21 and July 21 of
each year, commencing on January 21, 2017
For the 2047 notes: Semi-annually on January 15 and July 15 of
7



each year, commencing on January 15, 2017
Regular Record Date
For the 2026 notes: January 14 and July 14 of each year
For the 2047 notes: January 9 and July 9 of each year
Status
The notes will constitute direct, general, unconditional and
unsubordinated public external indebtedness of Mexico for
which the full faith and credit of Mexico is pledged. The notes
of each series rank and will rank without any preference among
themselves and equally with all other unsubordinated public
external indebtedness of Mexico. It is understood that this
provision shall not be construed so as to require Mexico to make
payments under the notes ratably with payments being made
under any other public external indebtedness.
Optional Redemption
With respect to each series of notes, Mexico will have the right
at its option, upon giving not less than 30 days' nor more than
60 days' notice, to redeem the notes of such series, in whole or
in part, at any time or from time to time prior to their maturity,
at a redemption price equal to the principal amount thereof, plus
the Make-Whole Amount (as defined below), plus interest
accrued but not paid on the principal amount of such notes to the
date of redemption. "Make-Whole Amount" means the excess of
(i) the sum of the present values of each remaining scheduled
payment of principal and interest on the notes to be redeemed
(exclusive of interest accrued but not paid to the date of
redemption), discounted to the redemption date on a semi-
annual basis (assuming a 360-day year consisting of twelve 30-
day months) at the Treasury Rate (as defined below) plus (a) in
the case of the 2026 notes, 30 basis points, or (b) in the case of
the 2047 notes, 30 basis points, over (ii) the principal amount of
such notes.

"Treasury Rate" means, with respect to any redemption date, the
rate per annum equal to the semi-annual equivalent yield to
maturity or interpolated maturity of the Comparable Treasury
Issue (as defined below), assuming a price for the Comparable
Treasury Issue (expressed as a percentage of its principal
amount) equal to the Comparable Treasury Price for such
redemption date.

"Comparable Treasury Issue" means the United States Treasury
security or securities selected by an Independent Investment
Banker (as defined below) as having an actual or interpolated
maturity comparable to the remaining term of the notes to be
redeemed that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new
issues of investment grade debt securities of a comparable
maturity to the remaining term of such notes.
8







"Independent Investment Banker" means one of the Reference
Treasury Dealers (as defined below) appointed by Mexico.

"Comparable Treasury Price" means, with respect to any
redemption date, (i) the average of the Reference Treasury
Dealer Quotations for such redemption date, after excluding the
highest and lowest such Reference Treasury Dealer Quotation
(as defined below) or (ii) if Mexico obtains fewer than four such
Reference Treasury Dealer Quotations, the average of all such
quotations.

"Reference Treasury Dealer" means (a) with respect to the 2026
notes, each of Citigroup Global Markets Inc., J.P. Morgan
Securities LLC and Morgan Stanley & Co. LLC or their
affiliates which are primary United States government securities
dealers and their respective successors, and (b) with respect to
the 2047 notes, each of Merrill Lynch, Pierce, Fenner & Smith
Incorporated and Credit Suisse Securities (USA) LLC or their
respective affiliates which are primary United States government
securities dealers and their respective successors, and two other
Primary Treasury Dealers (as defined below) selected by
Mexico; provided that if any of the foregoing shall cease to be a
primary United States government securities dealer in the City
of New York (a "Primary Treasury Dealer"), Mexico will
substitute therefor another Primary Treasury Dealer.

"Reference Treasury Dealer Quotation" means, with respect to
each Reference Treasury Dealer and any redemption date, the
average, as determined by Mexico, of the bid and asked prices
for the Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) quoted in writing to Mexico
by such Reference Treasury Dealer at 3:30 p.m., New York time
on the third business day preceding such redemption date.
Optional Repayment
Holders of the notes will not have the option to elect repayment
by Mexico before the maturity dates of the notes.
Underwriters
BBVA Securities Inc.
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
Credit Suisse Securities (USA) LLC
Purchase Price
For the 2026 notes: 108.831%, plus accrued interest from July
21, 2016
For the 2047 notes : 99.735%, plus accrued interest, if any, from
August 11, 2016
Method of Payment
Wire transfer of immediately available funds to an account
designated by Mexico.
9






Listing
The outstanding 2026 notes have been listed on the Luxembourg
Stock Exchange. Application has been made to list the new
2026 notes and the 2047 notes on the Luxembourg Stock
Exchange and to have the notes admitted to trading on the Euro
MTF Market of the Luxembourg Stock Exchange.
Securities Codes

CUSIP:
For the 2026 notes: 91086Q BG 2
For the 2047 notes: 91087B AB6
ISIN:
For the 2026 notes: US91086QBG29
For the 2047 notes: US91087BAB62
Common Code:
For the 2026 notes: 134892722
For the 2047 notes: 147390700
Trustee, Principal Paying Agent,
Deutsche Bank Trust Company Americas
Transfer Agent and Registrar
Luxembourg Listing Agent
KBL European Private Bankers S.A.
Withholding Taxes and Additional
Subject to certain exceptions, Mexico will make all payments on
Amounts
the notes without withholding or deducting any Mexican taxes.
For further information, see "Description of the Securities--
Additional Amounts" in the accompanying prospectus.
Taxation
Mexico expects that the 2026 notes will be treated as issued in a
"qualified reopening" for U.S. federal income tax purposes and,
accordingly, the 2026 notes will be fungible with the 4.125%
Global Notes due 2026 previously issued by Mexico. The 2026
notes issued pursuant to this offering generally will be treated as
having premium. For further information, see the discussion set
forth under the heading "Taxation--United States Federal
Taxation" in this preliminary prospectus supplement.
Further Issues
Mexico may from time to time, without the consent of holders of
the 2026 notes or the 2047 notes, as the case may be, create and
issue notes of such series having the same terms and conditions
as the applicable series of notes offered pursuant to this
prospectus supplement in all respects, except for the issue date,
issue price and, if applicable, the first payment of interest
thereon; provided, however, that any such additional 2026 notes
and 2047 notes shall be issued either in a "qualified reopening"
for U.S. federal income tax purposes or with no more than de
minimis original issue discount for U.S. federal income tax
purposes. Additional 2026 notes and 2047 notes issued in this
manner will be consolidated with, and will form a single series
with, any other outstanding notes of such series.
10





Document Outline