Blog

GC acted as counsel to NR Finance México in CNBV’s authorization of a new dual program of certificados bursátiles for up to MXP$13 billion in the Mexican Stock Exchange

Gonzalez Calvillo, July 5th, 2023 .- We acted as independent counsel to NR Finance México, S.A. de C.V. (“NRFM”) in the establishment and authorization by the National Banking and Securities Commission of Mexico (CNBV) of a new dual program of certificados bursátiles for up to MXP$13 billion in the Mexican Stock Exchange (NRF).

Nissan Motor Acceptance Company LLC (NMAC) acted as guarantor of NRFM; BBVA and Scotiabank as underwriters, and CIBanco as common representative of the bond holders.

The issuances of short term certificados bursátiles to be made under the program have a credit rating of “F1+(mex)” grated by Fitch Ratings, and “ML A-1.mx” by Moody’s.

This transaction represented the come back to the securities market in Mexico of another non-banking financial institution (IFNB, for its acronym in Spanish), and the return of NRFM to the BMV after 4 years of its last offering of long term certificados bursátiles (NRF 19).

The team was integrated by our partner Bernardo Reyes Retana Krieger, including associates Francisco Javier Alvarez, Diego Hernández Abascal and Fernando Blanco González, alongside law clerks Héctor Ferrari Ruiz and Erika Botas.

More details here. 

Bernardo Reyes Retana K

Partner

See Full Profile ->
Francisco-Alvarez_250x250

Francisco Álvarez

Associate

See Full Profile ->

Diego Hernández

Associate

See Full Profile ->

Fernando Blanco

Associate

See Full Profile ->
Hector-Ferrari_250x250

Héctor Ferrari

Law clerk

See Full Profile ->
Erika-Botas_250x250

Erika Botas

Law clerk

See Full Profile ->

ABOUT GONZALEZ CALVILLO

For almost four decades, González Calvillo has challenged the standards and rewritten the full-service firm model with a solution-oriented approach, evolving the practice of law in Mexico. Our firm is driven by the commitment to doing things differently, having a deep knowledge of the Mexican legal ecosystem, and our behaviour and interaction with today’s globalised business environment. That is how over 150 people between partners, counsel, associates, and other business professionals are responsible for making González Calvillo one of Mexico’s leading law firms. Our firm’s services are designed to help clients solve their most complex and challenging legal issues, finding the best solution for each case. By understanding clients’ business culture and strategy, González Calvillo establishes a close and strategic alliance that enables them to achieve more. For more information, please visit www.gcsc.com.mx.

You can also read

Scroll to Top

Use our search function to find what you need on our website:

Please share your information to download the PDF

Por favor comparte tu información para descargar el PDF