No experiments: Armin Laschet is elected leader of Germany’s CDU The moderate Rhinelander is now front-runner to succeed Angela Merkel as chancellor. “Keine Experimente” (no experiments) ran the political slogan of Konrad Adenauer. The co-founder and first leader of the centre-right Christian Democratic Union (CDU) and the postwar Federal Republic of Germany’s first chancellor was a Catholic moderate from the Rhineland who conceived of his party’s role as bridging divides between different segments of society and offering stability, consensus and restraint. The formula has served the party well: it has governed the federal republic for 51 of its 71 years.
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United Mexican States Announces Pricing Of Its New Notes And Purchase Prices For Its Tender Offer
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New Notes Offering
Mexico ) announced today that it priced a global offering (the
New Notes Offering ) of €1,514,779,000 aggregate principal amount of its 1.450% Global Notes due 2033 (the
2033 New Notes ) and €1,184,165,000 aggregate principal amount of its 2.125% Global Notes due 2051 (the
2051 New Notes, and together with the 2033 New Notes, the
New Notes ).
The aggregate principal amount of New Notes includes approximately €514,800,000 of 2033 New Notes and €384,200,000 of 2051 New Notes intended to fund the purchase of preferred tenders in the concurrent tender offer described below. The closing of the New Notes Offering is expected to occur on January 25, 2021.
The United Mexican States Announces Tender Results
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Mexico ) previously announced an offer to purchase for cash (the
Tender Offer ) its outstanding notes of series set forth in the table below (collectively, the
Old Notes ), on the terms and subject to the conditions contained in the Offer to Purchase, dated January 14, 2021 (the
Offer to Purchase ). Mexico has instructed Citigroup Global Markets Inc., as the billing and delivering bank for the Tender Offer, to accept, subject to proration and other terms and conditions contained in the Offer to Purchase, valid Preferred Tenders and Non-Preferred Tenders in aggregate principal amounts for each series of Old Notes as set forth below. All capitalized terms used but not defined in this communication have the respective meanings specified in the Offer to Purchase.
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