Obligation Mexica 1.875% ( XS1369322927 ) en EUR

Mexica

100 % ▼

Mexique

XS1369322927 ( en EUR )

1.875% par an ( paiement annuel )

23/02/2022 - Obligation échue

Prospectus brochure de l'obligation Mexico XS1369322927 en EUR 1.875%, échue

100 000 EUR

1 500 000 000 EUR

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.

L'Obligation émise par Mexica ( Mexique ) , en EUR, avec le code ISIN XS1369322927, paye un coupon de 1.875% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 23/02/2022

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

United Mexican States

1,500,000,000 1.875% Global Notes due 2022
1,000,000,000 3.375% Global Notes due 2031

The 1.875% Global Notes due 2022 (the "2022 notes") will mature on February 23, 2022. The 3.375% Global Notes due
2031 (the "2031 notes") will mature on February 23, 2031. We refer to the 2022 notes and the 2031 notes collectively as the
"notes." Mexico will pay interest on the notes on February 23 of each year, commencing February 23, 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 2022 notes and the offering of the
2031 notes, each pursuant to this prospectus supplement, are not contingent upon one another.
The notes will be issued under an indenture, and each of the 2022 notes and the 2031 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.
Mexico has applied to list the 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 2022 note
99.384%
0.140%
99.244%
Total for 2022 notes
1,490,760,000
2,100,000
1,488,660,000
Per 2031 note
99.433%
0.190%
99.243%
Total for 2031 notes
994,330,000
1,900,000
992,430,000
(1) Plus accrued interest, if any, from February 23, 2016.
The notes were delivered in book-entry form only through the facilities of Euroclear Bank S.A./N.V., as operator of the
Euroclear System ("Euroclear") and Clearstream Banking, société anonyme, Luxembourg ("Clearstream, Luxembourg")
against payment on February 23, 2016.
Joint Bookrunners
Barclays
BNP PARIBAS
Credit Suisse
UBS Investment Bank
____________________
March 10, 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.

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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

Description of the Securities .............................. 6
Recent Developments .............................................. 14
Taxation ........................................................... 26
Plan of Distribution ................................................. 26
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 Canada,
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.
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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.

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USE OF PROCEEDS
The net proceeds to Mexico from the sale of the notes will be approximately 2,480,990,000,
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 100,000. Mexico intends to use the net
proceeds of the sale of the notes for the general purposes of the Government of Mexico, including the
refinancing, repurchase or retirement of domestic and external indebtedness of the Government. None of
the underwriters shall have any responsibility for the application of the net proceeds of the 2022 notes or
the 2031 notes.
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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 2022 notes: 1,500,000,000
For the 2031 notes: 1,000,000,000
Issue Price
For the 2022 notes: 99.384%, plus accrued interest, if any, from
February 23, 2016
For the 2031 notes: 99.433%, plus accrued interest, if any, from
February 23, 2016
Issue Date
February 23, 2016
Maturity Date
For the 2022 notes: February 23, 2022
For the 2031 notes: February 23, 2031
Specified Currency
Euro ()
Authorized Denominations
100,000 and integral multiples of 1,000 in excess thereof
Form
Registered; Book-Entry.
Each series of the notes will be represented by a single global
note, without interest coupons, in registered form, to be
deposited on or about the issue date with Deutsche Bank AG,
London Branch. Deutsche Bank AG, London Branch will
serve as common depositary for Euroclear and Clearstream,
Luxembourg.
Interest Rate
For the 2022 notes: 1.875% per annum, accruing from February
23, 2016
For the 2031 notes: 3.375% per annum, accruing from February
23, 2016
Interest Payment Date
Annually on February 23 of each year, commencing on February
23, 2017
Regular Record Date
February 22 of each year
Status
The notes will constitute direct, general, unconditional and
unsubordinated public external indebtedness of Mexico for which
7

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 an annual basis (assuming
the actual number of days in a 365- or 366-day year) at the
Benchmark Rate (as defined below) plus (a) in the case of the
2022 notes, 35 basis points, or (b) in the case of the 2031 notes,
50 basis points, over (ii) the principal amount of such notes.

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

"Comparable Benchmark Issue" means the Bundesanleihe
security or securities (Bund) of the German Government 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 euro-
denominated corporate debt securities of a comparable maturity
to the remaining term of such notes.

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

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

"Reference Dealer" means any of Barclays Bank PLC, BNP
Paribas, Credit Suisse Securities (Europe) Limited and UBS
Limited or their affiliates which are dealers of Bund of the
German Government, and one other leading dealer of Bund of the
German Government designated by Mexico, and their respective
successors; provided that if any of the foregoing shall cease to be
a dealer of Bund of the German Government, Mexico will
substitute therefor another dealer of Bund of the German
Government.

"Reference Dealer Quotation" means, with respect to each
Reference Dealer and any redemption date, the average, as
determined by Mexico, of the bid and asked prices for the
Comparable Benchmark Issue (expressed in each case as a
percentage of its principal amount) quoted in writing to Mexico
by such Reference Dealer at 3:30 p.m., Frankfurt, Germany 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
Barclays Bank PLC
BNP Paribas
Credit Suisse Securities (Europe) Limited
UBS Limited
Purchase Price
For the 2022 notes: 99.244%, plus accrued interest, if any, from
February 23, 2016
For the 2031 notes: 99.243%, plus accrued interest, if any, from
February 23, 2016
Method of Payment
Wire transfer of immediately available funds to an account
designated by Mexico.
Listing
Application has been made to list the notes on the Luxembourg
Stock Exchange. The notes have been accepted for clearance and
settlement through the Euroclear and Clearstream systems.

Trading
Mexico has applied to have the notes admitted to trading on the
Euro MTF Market of the Luxembourg Stock Exchange.
Securities Codes

ISIN:
For the 2022 notes: XS1369322927
For the 2031 notes: XS1369323149
Common Code:
For the 2022 notes: 136932292
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For the 2031 notes: 136932314
Trustee, Principal Paying Agent,
Deutsche Bank Trust Company Americas
Transfer Agent, Registrar,
Authenticating Agent and Exchange
Rate Agent
Luxembourg Listing Agent
KBL European Private Bankers S.A.
Taxes
Subject to certain exceptions, Mexico will make all payments on
the notes without withholding or deducting any Mexican taxes.
For further information, see "Description of the Securities--
Additional Amounts" in the accompanying prospectus.

Further Issues
Mexico may from time to time, without the consent of holders of
the 2022 notes or the 2031 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 2022 notes
and 2031 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 2022 notes and 2031 notes issued in this
manner will be consolidated with, and will form a single series
with, any other outstanding notes of such series.
Payment of Principal and Interest
Principal of and interest on the notes, except as described below,
will be payable by Mexico to the Paying Agent in euro. Holders
of the notes will not have the option to elect to receive payments
in U.S. dollars.
If Mexico determines that euro are not available for making
payments on the notes due to the imposition of exchange controls
or other circumstances beyond Mexico's control, then payments
on the notes shall be made in U.S. dollars until Mexico
determines that euro are again available for making these
payments. In these circumstances, U.S. dollar payments in
respect of the notes will be made at a rate determined by the
exchange rate agent in accordance with the Exchange Rate
Agency Agreement between Mexico and the exchange rate agent.
Any payment made under such circumstances in U.S. dollars will
not constitute an Event of Default under the notes.
Governing Law
New York; provided, however, that all matters governing
Mexico's authorization and execution of the indenture and the
notes will be governed by and construed in accordance with the
law of Mexico. Notwithstanding any authorization or any
reserved matter modification, all matters related to the consent of
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