Global law firm Clifford Chance has advised Nomura Securities International, Inc., as Sole Lead Arranger and Structuring Agent, in connection with the second note purchase closing under the securitization of Mexican credit card receivables originated by Banco Plata. In this closing, Oaktree, Macquarie Group, Fasanara Capital and Banco Covalto joined the up to US$500 million senior notes facility led by Nomura as additional note holders.
Partner Gianluca Bacchiocchi commented, “From structuring the ABS facility from inception through two closings, we are proud to guide Nomura on this transaction, which marks one of the largest cross-border asset-backed financings for a Mexican digital financial services company.”
Bacchiocchi led the transaction along with associates Jorge Vázquez Navarro and David Rondon.
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