NHG advised Total Play Telecomunicaciones, on the creation and registration of its first capital markets debt programme as issuer for up to MXN$5,000 million and makes its first short term issuance of MXN$1,000 million thereunder.
NHG advised Fibra Danhos on its successful placement of MXN$8,000 million bonds.
The Notes — which were rated B2 by Moody’s and BB- by Fitch — will be used to expand Total Play’s services geographical cover across Mexico as well as to refinance liabilities, improving Total Play’s debt profile.
NHG advised Fibra Storage in the establishment and registration of its first programme of long term notes (certificados bursátiles de largo plazo) for a maximum amount of MXN$3,000 million and in the first and second green issuances thereunder for a total amount of MXN$1,171 million and MXN$329 million, respectively, placed on the Mexican Stock Exchange (BMV). The first and second issuances were rated by HR Ratings (“HR AA”) and Fitch (“AA- (mex)”).
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NHG advised MercadoLibre on Mexican legal matters in connection with its inaugural debt offering in the USD$400 million 2.375% Notes due 2026 and USD$700 million 3.125% Notes due 2031. The 2.375% Notes due 2026 are guaranteed senior sustainability notes.
NHG advised several Prudential entities in the acquisition of US$180 million notes issued and guaranteed by US and Mexican affiliates of Vitro in a private placement.
NHG advised Nueva Elektra del Milenio, a subsidiary of Grupo Elektra, and Grupo Elektra as payment guarantor, in connection with the creation of a cross-border remittances securitization program and its first USD-denominated 144A / Reg S Senior Notes offering for USD$500 million. The notes are listed in the Luxembourg Stock Exchange.
The transaction represented Nueva Elektra’s first public offering in the international markets and required a complex multi-jurisdiction structure that allows Nueva Elektra to securitize future cash flows derived from its money remittance regulated business. The notes were rated investment grade and the offering was oversubscribed by investors.
NHG advised Elementia, on the creation and registration of its first capital markets debt program for MXN $3,000 million. The program provides flexibility for Elementia to issue notes with different features, including long and short term notes with fixed or variable rates, during a five year period.
Total Play Telecomunicaciones, placed, provider of triple play services in Mexico, successfully place USD$575 million in aggregate principal amount of 7.500% senior notes due 2025 (the “Notes”) in the international markets.
CIBanco in the acquisition of Deutsche Bank Mexico’s trustee and common representation business in Mexico through a spin–off / merger transaction approved by CNBV and COFECE.