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 Securities, Citigroup Global Markets, Goldman Sachs, HSBC Securities, Morgan Stanley, and Santander US Capital Markets, in connection with the offering by America Móvil of its (i) MXN$6 billion 10.125% Senior Notes due 2029, (ii) MXN$6 billion 9.5% Senior Notes due 2031, and (iii) MXN$3.5 billion 10.3% Senior Notes due 2034.

CLIENT:

BBVA Securities
Citigroup Global Markets
Goldman Sachs
HSBC Securities (USA)
J.P. Morgan Securities
Morgan Stanley
Santander US Capital Markets

PRACTICE AREA:

Capital Markets

CLOSING DATE:

July 2025

VALUE:

MXN$15,500 million

OTHER FIRMS:

Cleary Gottlieb Steen & Hamilton, US counsel to América Móvil Bufete Robles Miaja, Mexican counsel to América Móvil Simpson Thacher & Bartlett, US counsel to BBVA Securities Citigroup Global Markets, Goldman Sachs & Co., HSBC Securities (USA), J.P. Morgan Securities, Morgan Stanley & Co., Santander US Capital Markets, as underwriters.

Abajo Arriba

We represented Barclays, BBVA, Goldman Sachs, Mizuho Securities and Morgan Stanley, as underwriters, in connection with the offering by the United Mexican States of its (i) USD$3.9 billion 5.850% Global Notes due 2032, and (ii) USD$2.8 billion 6.625% Global Notes due 2038.
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CLIENT:

Barclays Capital
BBVA Securities
Goldman Sachs
Mizuho Securities
Morgan Stanley

PRACTICE AREA:

Capital Markets

CLOSING DATE:

July 2025

VALUE:

USD$6,800,483,000

OTHER FIRMS:

Sullivan & Cromwell LLP, US counsel to Barclays Capital Inc., BBVA Securities Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC and Morgan Stanley & Co. LLC Cleary Gottlieb Steen & Hamilton LLP, US counsel of the United Mexican States.

Abajo Arriba

We represented Plata, in the private issuance of Fixed Rate Senior Notes in the international market pursuant to Rule 144A and Regulation S.

CLIENT:

Plata

PRACTICE AREA:

Capital Markets

CLOSING DATE:

June 2025

VALUE:

ND

OTHER FIRMS:

Skadden, co-counsel to Plata Roschier Advokatbyrå, counsel to Pareto Securities as sole bookrunner

Abajo Arriba

We represented Grupo Engencap, in the establishment of a MXN$1,000 million short-term CEBURE program before the Mexican Securities and Exchange Commission (CNBV).

CLIENT:

Grupo Engencap

PRACTICE AREA:

Capital Markets

CLOSING DATE:

June 2025

VALUE:

MXN$1,000 million

Abajo Arriba

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The Legal 500

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Latin Lawyer y The Vance Center

Top Tier Firm

IFLR1000

Featured news


26

June 26, 2025

Capital Markets

Mexico completes US$6.8 billion debt dap

Ritch Mueller represented Barclays, BBVA, Goldman Sachs, Mizuho Securities and Morgan Stanley, as underwriters, in connection with the offering by the United Mexican States of its (i) USD$3.9 billion 5.850% Global Notes due 2032, and (ii) USD$2.8 billion 6.625% Global Notes due 2038.Learn more...

25

June 25, 2025

Capital Markets

América Móvil raises US$500 million in debt tap

We represented BBVA Securities, Goldman Sachs, Morgan Stanley, HSBC Securities, and Scotia Capital, in connection with the offering by América Móvil of its USD$500 million, 5.00% senior notes due 2033.Learn more about our experience and team of professionals in the Capital Markets...

24

June 24, 2025

Capital Markets

MIP launches US$4.5 billion Fibra IPO to fund Iberdrola buy

Ritch Mueller represented Mexico Infrastructure Partners (MIP) in the structuring of Fibra-E FIEMEX, as well as FIEMEX, in the issuance and initial placement of USD $4.5 billion CBFEs. FIEMEX’s initial assets consist of 12 combined-cycle power generation plants and one wind farm. These power...

16

May 16, 2025

Capital Markets

Bancomext returns to global bond markets

Ritch Mueller represented Goldman Sachs, Morgan Stanley, SMBC Nikko Securities America, BBVA Securities, and Scotia Capital (USA), as underwriters, in connection with the offering by Bancomext (Cayman Islands branch), of its USD$500 million 5.875% Notes due 2030. Learn more about our experience and...

Events


01

01 April 2025

Capital Markets

Private Capital Summit 2025

On April 1 and 2, AMEXCAP held the 2025 Private Equity Summit, bringing together top-tier industry professionals and distinguished speakers to discuss market outlooks in Mexico and highlight the region’s strategic relevance within Latin America.  Our partner, Alejandra...

04

04 March 2025

Energy and Infrastructure Projects
Mergers and Acquisitions
Real Estate
Capital Markets
Tax

Conference Taxation in Business Transactions 3rd Edition

On March 4, we brought together our clients at the Four Seasons Hotel Mexico City for the third edition of our event “Tax Considerations in Business Transactions,” where we addressed key trends shaping the fiscal and financial landscape in Mexico. Our multidisciplinary panel of...

30

30 January 2025

Capital Markets

LatinFinance LatAm Capital Markets Summit 2025

On January 30, 2025, the LatAm Capital Markets Summit 2025 was held at the New York Stock Exchange, where market leaders talked about the latest developments impacting investment and financing across the region.  Our partner, Luis A. Nicolau, participated in the panel "Mexico and the New...

08

08 October 2024

Capital Markets

Latin Lawyer Live Private Equity

On October 8, 2024, the Latin Lawyer Live: Private Equity 2024 event was held at the offices of Simpson Thacher & Bartlett in New York. This event will brought together professionals, fund managers and investors to discuss the trajectory of the private equity industry in Latin America. ...

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