NHG assists Total Play in public offering of debt certificates

Nader Hayaux & Goebel has assisted Total Play, a provider of telecommunications services in Mexico, in the issuance and public offering of long-term promissory notes with ticker symbol ‘TPLAYCB 24’ for a total amount of MXN$2,500,000,000,000.00.

The issuance was made under one of its existing debt programmes, with an interest rate for the first payment period of 13.73%.

This debt programme is structured in such a way that the payment of the securities issued under it is backed by collection rights from Total Play’s customer portfolio, which are contributed to the issuing trust for this purpose.

NHG’s team was led by partners Michell Nader (pictured left) and Ana Paula Telleria (pictured right), with the support of associates Alfonso Díaz and Carlos Andrés Pérez.