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NHG advised Nueva Elektra del Milenio on the international debut issue USD$500 million.
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.