News
2021
04
October 04, 2021
Energy and Infrastructure Projects
Ritch Mueller is recognized by LatinFinance as "Infrastructure Law Firm of the Year in Mexico"
On September 30, LatinFinance held the "2021 Project and Infrastructure Finance Awards" ceremony in New York, to recognize the most relevant transactions in the infrastructure sector, as well as the leading institutions involved in Latin America. Ritch Mueller was recognized for third...
22
September 22, 2021
Banking and Finance
Grupo Bimbo gets first sustainable financing
Ritch Mueller represented BBVA, as administrative agent, and the lenders, in a USD$1,750 million revolving loan to Grupo Bimbo, for general corporate purposes of the borrower and its subsidiaries. Read note (subscription site)...
09
September 09, 2021
Tax
Newsflash - 2022 Federal Budget | Overview of Proposed Tax Reforms
On September 8, 2021, President López Obrador sent a proposal to the Mexican Congress to amend, add and repeal, among others, several provisions of the Income Tax Law, the Value Added Tax Law, the Excise Tax Law and the Federal Fiscal Code (the "Proposal"). The Proposal includes...
01
September 01, 2021
Capital Markets
Mexico’s Bancomext makes US$500 million bond offer
Ritch Mueller represented J.P. Morgan Securities and Morgan Stanley, in connection with the offering by Bancomext of USD$500 million of its 2.720% Subordinated Preferred Capital Notes due 2031. Read note (subscription site)...
25
August 25, 2021
Capital Markets
CABEI issues world’s first covid-19 recovery social bonds
Ritch Mueller represented the Central American Bank for Economic Integration, in connection with the issuance of MXN$5,000 million Medium-Term Floating Rate Notes issued under foreign legislation, pursuant to an authorized program for an aggregate amount of up to USD$8,000 million, classified...
17
August 17, 2021
Energy and Infrastructure Projects
Capital Markets
Mexico Infrastructure Partners issues FIBRA-E in the Mexican Stock Exchange
Ritch Mueller represented Mexico Infrastructure Partners (EXI), in the structuring of a new Fibra-E named Fibra EXI, as well as Fibra EXI in the issuance of MXN$22,159 million CBFEs, placed in the Mexican Stock Exchange through an initial public offer and distribution to investors of EXI...
13
August 13, 2021
Banking and Finance
Mexico’s Grupo Gigante gets refinancing
Ritch Mueller represented BBVA, Santander, Scotiabank and HSBC, in the refinancing of Grupo Gigante's existing debt for an aggregate amount of MXN$4,850 million. The consolidated credit agreement is secured by means of a security trust agreement and a securities' pledge with transfer of...
01
August 01, 2021
Capital Markets
Mexico issues new sustainable UN bond
Ritch Mueller represented BNP Paribas, Merrill Lynch International and Natixis Securities Americas, in connection with the offering by the United Mexican States of EUR€1,250 million of its 2.250% Senior Notes due 2036. Read note (only available in Spanish) Other media Latin Lawyer...
06
July 06, 2021
Capital Markets
Grupo Axo seeks to improve its debt profile with issuance
Ritch Mueller represented Morgan Stanley, BBVA Securities, BofA Securities and HSBC Securities (USA), in connection with the offering by Grupo Axo of USD$325 million of its 5.750% Senior Notes due 2026. Read note (only available in Spanish)...
24
June 24, 2021
Banking and Finance
Client Alert - Reporting obligations of Electronic Payment Fund Institutions (“IFPEs”) and Crowdfunding Institutions (“IFCs”)
The publication of several authorizations in the Federal Official Gazette in recent months allowing various companies to be organized and operate as Electronic Payment Fund Institutions (“IFPEs”) or as Crowdfunding Institutions (“IFCs”) has accelerated the Fintech...
