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, BofA Securities, Credit Agricole and J.P. Morgan, in connection with the offering by BBVA México of its USD$1 billion, 7.625% Fixed Reset Subordinated Preferred Tier 2 Capital Notes due 2035, issued under foreign legislation.

CLIENT:

BBVA Securities
BofA Securities
Credit Agricole
J.P. Morgan

PRACTICE AREA:

Capital Markets

CLOSING DATE:

February 2025

VALUE:

USD$1 Billion

OTHER FIRMS:

Cleary Gottlieb (US Counsel to Banks) Simpson Thacher (US Counsel to BBVA) Galicia (Mexican Counsel to BBVA)

Abajo Arriba

We represented J.P. Morgan, Morgan Stanley, BTG Pactual, Santander, and Scotiabank, in connection with the follow-on public offering of 21,000,000 Class A common shares by BBB Foods in the New York Stock Exchange (NYSE), at a price of USD$28.25 per share, raising gross proceeds of approximately USD$593.3 million.

CLIENT:

JP Morgan
Morgan Stanley
Scotiabank
BTG Pactual
Santander

PRACTICE AREA:

Capital Markets

CLOSING DATE:

February 2025

VALUE:

USD$593,250,000

OTHER FIRMS:

Simpson Thacher (US Counsel to Company) Cleary Gottlieb (US Counsel to Banks) Greenberg Traurig (Mexican Counsel to Company)

Abajo Arriba

We represented BNP PARIBAS, Crédit Agricole, Deutsche Bank, HSBC and Société Générale, as underwriters, in connection with the offering by the United Mexican States of its €1,400 million 4.625% Global Notes due 2033 and of its €1,000 million 5.125% Global Notes due 2037.

CLIENT:

BNP PARIBAS
Crédit Agricole
Deutsche Bank
HSBC
Societé Générale

PRACTICE AREA:

Capital Markets

CLOSING DATE:

February 2025

VALUE:

€2.4 Billion

OTHER FIRMS:

Sullivan & Cromwell (US Counsel to Banks) Cleary Gottlieb (US Counsel to UMS)

Abajo Arriba

We represented Arcos Dorados, in connection with the offering of its USD$600 million 6.375% Senior Notes due 2032.

CLIENT:

Arcos Dorados Holdings
Arcos Dorados
Arcos SerCal Inmobiliaria
Restaurantes ADMX
McDonalds

PRACTICE AREA:

Capital Markets

CLOSING DATE:

January 2025

VALUE:

USD$600 million

OTHER FIRMS:

Davis Polk & Wardwell LLP, abogados de Arcos Dorados Holding. Milbank LLP. - Counsel to initial purchasers Thompson Hine LLP -Counsel to Trustee

Abajo Arriba

Related Awards


Pro Bono Leading Lights

Latin Lawyer y The Vance Center

Top Tier Firm

The Legal 500

Top Tier Firm

Chambers Latam

Top Tier Firm

IFLR1000

Firm of the Year in Capital Markets

IFLR

Featured news


06

March 06, 2025

Ritch Mueller

Newsflash - Reform on Transparency and Data Protection: Impact and Key Considerations

On February 20, 2025, the Federal Executive submitted to Congress the “Initiative with Draft Decree enacting the General Law on Transparency and Access to Public Information, the General Law on the Protection of Personal Data Held by Obligated Entities, and the Federal Law on the Protection...

17

February 17, 2025

Capital Markets

Mexican retailer BBB Foods completes follow-on offering

Ritch Mueller represented J.P. Morgan, Morgan Stanley, BTG Pactual, Santander, and Scotiabank, in connection with the follow-on public offering of 21,000,000 Class A common shares by BBB Foods in the New York Stock Exchange (NYSE), at a price of USD$28.25 per share, raising gross proceeds of...

13

February 13, 2025

Capital Markets

BBVA México raises US$1 billion in debt tap

Ritch Mueller represented BBVA Securities, BofA Securities, Credit Agricole and J.P. Morgan, in connection with the offering by BBVA México of its USD$1 billion, 7.625% Fixed Reset Subordinated Preferred Tier 2 Capital Notes due 2035, issued under foreign legislation. Learn more about...

03

February 03, 2025

Capital Markets

Mexican construction group inks US$975 million debt programme

Ritch Mueller represented GCC, in the establishment of a long-term CEBURE program before the Mexican Securities and Exchange Commission (CNBV) for a total authorized amount of up to MXN$20,000 million. Learn more about our experience and team of professionals in the Capital Markets practice area....

Events


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. ...

25

25 January 2024

Capital Markets

LatinFinance: Latin America Capital Markets Summit

LatinFinance held the 2nd edition of the Latin America Capital Markets Summit, where the region’s leading issuers and investors gathered for insightful discussions on current trends and pivotal topics within the financial sector, including the impact of the global interest rate cycle,...

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...

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