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Grupo Elektra makes a second offering for MXN 5,000 million under its MXN 15,000 million dual debt programme
NHG advised Grupo Elektra on the second public offering of unsecured long term notes for MXN 5,000 million under its MXN 15,000 million dual debt programme. Grupo Elektra is a specialized financial services company leader in Latin America and a mayor provider of short term non-banking loans in the USA.
The transaction involved the first listing of direct long term unsecured notes in BIVA (the new Mexican Stock Exchange) and the successful second issuance of peso denominated unsecured long term notes of Grupo Elektra as a “Frequent Issuer” (Emisor Recurrente), a feature that facilitates access to Mexican public markets.
The proceeds of the offering were used to refinance debt. The Underwriters included Actinver Casa de Bolsa and BCP Securities.