Capital Markets

Our firm’s securities practice is unparalleled amongst other Mexican law firms. We constantly represent international and local broker dealers and investment banks as well as issuers in private and public offerings of debt and equity securities by Mexican issuers in the international markets.

Our firm has a strong domestic securities practice, having participated in the development of the local market. Our domestic expertise covers equity, debt and structured securities offerings, including asset-backed securities (involving all asset classes, such as toll road receivables, auto loans, credit card receivables, commercial real estate and residential mortgages), CKDs, CERPIs, FIBRAS-E (MLPs), real estate FIBRAS (REITs) and bank capitalization notes.

Our firm also specializes in the establishment and operation of investment funds, as well as in the registration of non-Mexican issuers in the Mexican market and has advised non-Mexican issuers in respect of the offering of non-Mexican securities in Mexico (including through employee stock offerings).

Related professionals


Featured transactions


We represented Barclays Capital, BBVA Securities, BNP Paribas Securities, J.P. Morgan Securities, Morgan Stanley, MUFG Securities Americas, Scotia Capital (USA) and SMBC Nikko, as dealer managers in connection with the preparation of an Exchange Offer by Petróleos Mexicanos, to exchange certain outstanding securities for new issues by Pemex of new United States Dollar-denominted Notes due 2031 and 2060.

CLIENT:

Barclays Capital
BBVA Securities
BNP Paribas Securities
J.P. Morgan Securities
Morgan Stanley
MUFG Securities Americas
Scotia Capital (USA)
SMBC Nikko Securities America

PRACTICE AREA:

Capital Markets

CLOSING DATE:

February 2020

VALUE:

USD $5,000 millones

OTHER FIRMS:

Shearman & Sterling LLP


We represented Barclays Capital, BBVA Securities, BNP Paribas Securities, J.P. Morgan Securities, Morgan Stanley, MUFG Securities Americas, Scotia Capital and SMBC Nikko Securities America, as managers pursuant to certain distribution agreement, in the offering by Petróleos Mexicanos of (i) USD$2,500 million of its 5.950% Notes due 2031, and (ii) USD$2,500 million of its 6.950% Notes due 2060.

CLIENT:

Barclays Capital
BBVA Securities
BNP Paribas Securities
J.P. Morgan Securities
Morgan Stanley
MUFG Securities Americas
Scotia Capital (USA)
SMBC Nikko Securities America

PRACTICE AREA:

Capital Markets

CLOSING DATE:

February 2020

VALUE:

USD$3,000 millones

OTHER FIRMS:

Shearman & Sterling LLP


We represented Goldman Sachs and Morgan Stanley, as initial purchasers in the offering by Aeroméxico of USD$400 million of its 7.000% Senior Notes due 2025, in accordance with Rule 144A of the Securities Act of 1933.

CLIENT:

Goldman Sachs
Morgan Stanley

PRACTICE AREA:

Capital Markets

CLOSING DATE:

February 2020

VALUE:

USD$400 millones

OTHER FIRMS:

White & Case LLP as US counsel to the Issuer Cleary Gottlieb Steen & Hamilton as US counsel to the Underwriters White & Case, S.C. as Mexican counsel to the Issuer


We represented the holders of certain senior secured notes issued by Industrias Unidas (IUSA), a Mexican diversified industrial company, in connection with an approximately $250.4 million exchange offer that was used to refinance such senior secured notes. 

CLIENT:

Industrias Unidas

PRACTICE AREA:

Capital Markets

CLOSING DATE:

January 2020

VALUE:

USD$250 millones

OTHER FIRMS:

Paul Hastings - advisor to IUSA in the United States Hogan Lovells and Thompson Knight - advisors to U.S Bank National Association as trustee


Related Awards


Top Ranked firm in International & Cross-Border Capabilities

Chambers Global

Client Service Award in Capital Markets

Chambers Latin America

Top Tier Firm in Capital Markets

IFLR1000

Top Ranked Firm in Capital Markets

Chambers Latin America

Top Tier Firm in Capital Markets

Legal 500

Featured news


05

February 05, 2020

Capital Markets

BIVA interviews José Berruta about debt programs

José Berrueta was interviewed by Espacio BIVA were he talked about debt programs, their benefits and requirements. Bolsa Institucional de Valores (BIVA) has the goal to contribute to the growth of the stock exchange through innovation,...

30

January 30, 2020

Capital Markets

FEMSA in $1.5 Billion Offering

Ritch Mueller represented BofA Securities, Goldman Sachs and J. P. Morgan Securities, as representatives of the underwriters in...

15

October 15, 2019

Capital Markets

Crédito Real becomes the first of its kind to issue Euro debt in Mexico

Ritch Mueller represented Barclays Capital, BNP Paribas and Morgan Stanley International, as initial purchasers in the offering by Crédito Real of EUR€350 million of its 5. 000% Senior Notes due 2027, in accordance with Rule 144A of the Securities Act of 1933.  Read noteOther media...

14

October 14, 2019

Capital Markets

Minera México $1 Billion Notes Offering

Ritch Mueller represented BofA Securities,Citigroup Global Markets, HSBC Securities (USA), Santander Investment Securities and UBS Securities as initial purchasers, in connection with the offering by Minera México of USD$1,000 million of its 4. 500% Senior Notes due 2050, offered under Rule...

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