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 Goldman Sachs, Barclays Capital, Morgan Stanley, and MUFG Securities Americas, as initial purchasers, in connection with the offering by Banorte (Cayman Islands branch), of its USD$750 million 8.375% Perpetual 6.5-Year Callable Subordinated Non-Preferred Non-Cumulative Tier 1 Capital Notes, and its USD$750 million 8.750% Perpetual 10.5-Year Callable Subordinated Non-Preferred Non-Cumulative Tier 1 Capital Notes.

CLIENT:

Goldman Sachs, Barclays Capital, Morgan Stanley, MUFG Securities Americas

PRACTICE AREA:

Capital Markets

CLOSING DATE:

November 2024

VALUE:

USD$1,500 million

OTHER FIRMS:

Cleary Gottlieb Steen & Hamilton LLP as New York counsel to the initial purchasers. White & Case LLP as New York counsel to Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte. White & Case, S.C. as Mexican counsel to Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte.

Abajo Arriba

We represented Barclays, Morgan Stanley, Apollo Global Securities, BBVA Securities, Citigroup, ING Financial Markets and J.P. Morgan Securities, in connection with the offering by Aeroméxico of its USD$1.1 billion 8.250% Senior Secured Notes due 2029, and 8.625% due 2031, issued under foreign legislation.

CLIENT:

Barclays Capital

PRACTICE AREA:

Capital Markets

CLOSING DATE:

November 2024

VALUE:

USD$1,100 million

OTHER FIRMS:

Davis Polk (Issuer US Counsel) Milbank (Bank's US Counsel) Sainz Abogados (Issuer Mexican Counsel)

Abajo Arriba

We represented Fonplata, 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.

CLIENT:

Fonplata

PRACTICE AREA:

Capital Markets

CLOSING DATE:

October 2024

VALUE:

MXN$20,000 million

Abajo Arriba

We represented JP Morgan, in connection with ALFA's consent solicitation and CUSIP exchange offer regarding its 6.875% Senior Notes due 2044, issued under foreign law as part of an authorized program of up to USD$500 million.

CLIENT:

JP Morgan

PRACTICE AREA:

Capital Markets

CLOSING DATE:

October 2024

VALUE:

USD$500 million

OTHER FIRMS:

JP Morgan - Administrative agent Baker & McKenzie LLP - Counsel to Issuer (Alfa) Cleary Gottlieb Steen & Hamilton LLP - Counsel to Administrative Agent

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


29

November 29, 2024

Capital Markets

Banorte completes US$1.5 billion offering

Ritch Mueller represented Goldman Sachs, Barclays Capital, Morgan Stanley, and MUFG Securities Americas, as initial purchasers, in connection with the offering by Banorte (Cayman Islands branch), of its USD$750 million 8.375% Perpetual 6.5-Year Callable Subordinated Non-Preferred Non-Cumulative...

28

November 28, 2024

Capital Markets

Ritch Mueller acts on FIEMEX offering

Ritch Mueller represented Fideicomiso de Inversión en Energía México (FIEMEX), a special purpose trust managed by Mexico Infrastructure Partners (MIP), in its offering of USD$1.49 billion 7.25% Senior Secured Notes due 2041, issued pursuant to Rule 144A and Regulation S. FIEMEX...

20

November 20, 2024

Capital Markets

Aeroméxico issues bonds for US$1.1 billion

Ritch Mueller represented Barclays, Morgan Stanley, Apollo Global Securities, BBVA Securities, Citigroup, ING Financial Markets and J.P. Morgan Securities, in connection with Aeroméxico's offering of US$1.1 billion in Senior Secured Notes, including 8.250% Notes due 2029 and 8.625% Notes due...

19

November 19, 2024

Capital Markets

Ritch Mueller acts in exchange offer of ALFA

Ritch Mueller represented JP Morgan, in connection with ALFA's consent solicitation and CUSIP exchange offer regarding its 6.875% Senior Notes due 2044, issued under foreign law, as part of an authorized program of up to USD $500 million. Learn more about our experience and team of professionals in...

Events


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...

16

16 October 2023

Capital Markets

REDD 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...

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