Common use of Fungibility Clause in Contracts

Fungibility. The Reopening 2031 Bonds will be consolidated, constitute a further issuance of, form a single series, and be fully fungible with the Republic’s outstanding U.S.$1,250,000,000 and U.S.$216,969,673 aggregate principal amount of 4.375% USD Bonds due 2031 issued on January 23, 2019 and October 2, 2019, respectively.

Fungibility. (i) The Reopening 2031 Bonds will be consolidated, constitute a further issuance of, form a single series, and be fully fungible with the Republic’s outstanding U.S.$1,250,000,000 and U.S.$216,969,673 U.S.$ 1,250,000,000 aggregate principal amount of 4.375% USD Bonds due 2031 issued on January 23, 2019 and October 2, 2019, respectively.; and

Fungibility. The Reopening 2031 Bonds will be consolidated, constitute a further issuance of, form a single series, and be fully fungible with the Republic’s outstanding U.S.$1,250,000,000 U.S.$1,250,000,000, U.S.$216,969,673 and U.S.$216,969,673 U.S.$400,000,000 aggregate principal amount of 4.375% USD Bonds due 2031 issued on January 23, 2019 and 2019, October 2, 20192019 and July 2, 2020, respectively.

Fungibility. (i) The Reopening 2031 2027 Bonds will be consolidated, constitute a further issuance of, form a single series, and be fully fungible with the Republic’s outstanding U.S.$1,250,000,000 and U.S.$216,969,673 aggregate principal amount of U.S.$ 1,700,000,000 4.375% USD Bonds due 2031 2027 issued on January 23October 27, 2019 and October 2, 2019, respectively.2015; and

Fungibility. The Reopening 2031 2033 Bonds will be consolidated, constitute a further issuance of, form a single series, and be fully fungible with the Republic’s outstanding U.S.$1,250,000,000 and U.S.$216,969,673 Ps.48,006,507,522 aggregate principal amount of 4.3759.750% USD Global Bonds due 2031 2033 issued on January 23July 20, 2019 and October 2, 2019, respectively2023.