Nader, Hayaux y Goebel advises Total Play on MXN$1 billion short-term notes issuance Nader, Hayaux y Goebel advises Total Play on MXN$1 billion short-term notes issuance Nader, Hayaux y Goebe

Nader, Hayaux y Goebel | In a noteworthy transaction in the Mexican capital markets, Nader, Hayaux y Goebel (NHG) advised Total Play Telecomunicaciones on the issuance and public offering of short-term debt certificates (certificados bursátiles de corto plazo), identified with ticker symbol "TPLAY 00126," for a total amount of MXN$1 billion.

The transaction was carried out under the company’s existing debt program, reinforcing its continued access to the local capital markets. The instruments were structured with a floating interest rate equal to 2.25 percentage points above the TIIE de Fondeo, reflecting terms consistent with current money market conditions in Mexico.

From a legal standpoint, the transaction involved the implementation of a structured issuance in compliance with applicable Mexican securities regulations, including the preparation of offering documentation, updates to the program supplements, and adherence to regulatory requirements before the relevant market authorities.

The NHG legal team was led by partner Ana Paula Tellería, with support from associates in the capital markets practice, who provided comprehensive legal advice throughout the transaction, from structuring to closing.

The issuance also involved placement agents, including Actinver Casa de Bolsa, Punto Casa de Bolsa, and Altor Casa de Bolsa, which acted as underwriters in the offering.

This transaction underscores sustained investor confidence in Total Play’s operational strength and growth prospects, as well as the continued relevance of short-term debt instruments as a corporate financing tool in the Mexican market.
 

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