Global law firm Clifford Chance has advised Nomura Securities International, Inc., as Sole Lead Arranger, Placement Agent, and Initial Purchaser, in connection with the securitization of Mexican credit card receivables originated by Mexican financial technology company Plata, resulting in the issuance of US$135 million principal amount of Floating Rate Senior Notes with the ability to issue up to US$500 million.
This transaction is one of the largest cross-border asset-backed financings for a Mexican digital financial services company to date and marks the first time a Japanese investment bank has participated in a financing of this scale in Mexico’s financial system.
Partner Gianluca Bacchiocchi commented, “We are proud to guide our client in this transaction, which supports innovative financial solutions and demonstrates growing international interest in Mexico’s financial system.”
Bacchiocchi led the transaction along with associates Jorge Vázquez Navarro and David Rondon. Additional support was provided by partners Avrohom Gelber (Tax) and Darren Littlejohn (Capital Markets).
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
