Capital Markets

Our firm constantly represents issuers, international and local broker dealers, investment banks in private and public offerings of debt  and equity securities by Mexican issuers in the international markets.

Our firm also 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. 

We also specialize in the establishment and operation of investment funds, as well as in the registration of non-Mexican issuers in the Mexican market and have 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 BBVA, BofA Securities, Citigroup, Morgan Stanley and Rabo Securities, in connection with (i) the offering by Bimbo Bakeries USA of debt securities (Senior Notes) for USD$450 million at a rate of 6.050% maturing in 2029 and USD$550 million at a rate of 6.400% maturing in 2034, and (ii) Grupo Bimbo's cash tender offer for any and all of its outstanding 3.875% Senior Notes due 2024.

CLIENT:

BBVA Securities, Inc.
BofA Securities, Inc.
Citigroup Global Markets Inc,
Morgan Stanley & Co. LLC
Rabo Securities USA, Inc.

PRACTICE AREA:

Capital Markets

CLOSING DATE:

November 2023

VALUE:

USD$1,000 million

OTHER FIRMS:

Cleary Gottlieb Steen & Hamilton - U.S. counsel to purchasers. Skadden, Arps, Slate, Meagher & Flom - U.S. counsel to issuer. Galicia Abogados - Mexican counsel to issuer.


We represented the Central American Bank for Economic Integration, in connection with the reopening of issuances 132 and 133 of medium-term floating rate notes and medium-term fixed rate notes, respectively, with the ticker symbols "CABEI 1-23S" and "CABEI 2-23S" for MXN$5,000 million, issued under foreign law, based on the program authorized for up to USD$10,000 million. 

CLIENT:

Banco Centroamericano de Integración Económica

PRACTICE AREA:

Capital Markets

CLOSING DATE:

September 2023

VALUE:

MXN$5,000 million

OTHER FIRMS:

Gibson, Dunn & Crutcher - Legal advisor


We represented Fibra Educa, in the establishment of a program for the placement of long-term revolving Trust Certificates, for an amount of up to MXN$20,000 million, and the first three issuances pursuant thereto, for an amount of MXN$3,739 million linked to sustainability.

CLIENT:

Fibra Educa

PRACTICE AREA:

Capital Markets

CLOSING DATE:

August 2023

VALUE:

MXN$3,739 million


We represented BofA Securities, as the Mexican bookrunner in the follow-on transaction, in which Traxión issued just under 164 million shares, which are listed on the Mexican Stock Exchange.

CLIENT:

BofA Securities - (Bank of America México)

PRACTICE AREA:

Capital Markets

CLOSING DATE:

August 2023

VALUE:

US$350 million

OTHER FIRMS:

Bufete Robles Miaja, S.C. - Counsel to the issuer Cleary Gottlieb Steen & Hamilton LLP - Counsel to the international bookrunners


Related Awards


Top Ranked Firm

Chambers and Partners LatAm

Top Tier Firm

The Legal 500

Elite Firm

Latin Lawyer

Pro Bono Leading Lights

Latin Lawyer and The Vance Center

Top Tier Firm

IFLR1000

Featured news


15

November 15, 2023

Capital Markets

US arm of Grupo Bimbo in USD$1 billion in debt tap and tender offer

Ritch Mueller represented BBVA, BofA Securities, Citigroup, Morgan Stanley and Rabo Securities, in connection with (i) the offering by Bimbo Bakeries USA of debt securities (Senior Notes) for USD$450 million at a rate of 6.050% maturing in 2029 and USD$550 million at a rate of 6.400% maturing in...

03

October 03, 2023

Capital Markets

Fibra Educa makes its debut in the Mexican thematic bond market

Ritch Mueller represented Fibra Educa, in the establishment of a program for the placement of longterm revolving Trust Certificates, for an amount of up to MXN$20,000 million, and the first three issuances pursuant thereto, for an amount of MXN$3,739 million linked to sustainability. Learn more...

05

September 05, 2023

Energy and Infrastructure Projects
Mergers and Acquisitions
Capital Markets

Mexican investor ups stake in Pan American Energy oil field

Ritch Mueller represented Ainda, in the acquisition by its infrastructure and energy fund of an additional 4.4% interest in the offshore block 1.2, contract area 2, owned by Hokchi Energy, which resulted in a total participation of 8% in such offshore block, as well as in securing coinvestment...

31

August 31, 2023

Capital Markets

Televisa and TelevisaUnivision make USD$800 million debt deals

Ritch Mueller represented HSBC Securities and Santander US Capital Markets, as dealer managers, in connection with a public cash tender offer by Televisa for up to USD$300 million of five different series of Notes. Learn more about our experience and professionals of the Capital...

Events


27

27 November 2023

Capital Markets

Bonds, Loans & ESG Capital Markets | Latin America & Caribbean 2023

Bonds & Loans hosted the largest and most senior corporate & investment banking event in LatAm and the Caribbean, bringing together 500+ leading governments, corporates, investors, banks, law firms, regulators and service providers from over 30 countries, and 65+ expert speakers. Our...

16

16 October 2023

Capital Markets

REED Intelligence: ISI Global Emerging Markets Annual Summit

REDD Intelligence hosted the ISI Emerging Markets Annual Summit in London, during which insightful conversations were held about the latest and upcoming developments in emerging markets.  Our partner, Jean Paul Farah, was among the distinguished panel of experts who led discussions on pivotal...

10

10 October 2023

Mergers and Acquisitions
Capital Markets

Latin Lawyer - Live Private Equity 2023

Latin Lawyer hosted the Live Private Equity 2023 event, which brought together top-level practitioners to discuss essential aspects of Private Equity and M&A in Latin America. Our partner, Luis A. Nicolau, participated as speaker in the panel titled "M&A: deal making, risk mitigation, and...

06

06 September 2023

Capital Markets

BIVA Day NYC 2023

BIVA hosted its next edition of BIVA Day NYC 2023, which brought together entrepreneurs, investors, high-level government officials, market participants, and high-growth potential issuers to promote investment opportunities in order to increase local and foreign investments in Mexico,...

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