Multiple firms advise Nomura on Mexico ABS
Clifford Chance has represented Nomura Securities International as Sole Lead Arranger and Structuring Agent on the second note purchase closing under the securitization of Mexican credit card receivables originated by Banco Plata. The transaction involves a senior notes facility of up to US$500 million, with Oaktree, Macquarie Group, Fasanara Capital, and Banco Covalto joining as additional note holders in this second closing.
The deal represents one of the largest cross-border asset-backed financings for a Mexican digital financial services company, structured as an ABS facility from inception through two closings.
Clifford Chance partner Gianluca Bacchiocchi (pictured left) led the transaction, supported by associates Jorge Vázquez Navarro and David Rondon. This follows Clifford Chance’s role advising Nomura on the first closing of this transaction in December 2025.
Skadden was also involved in the deal, advising Plata on the recent announcement that Plata has secured the new financing arranged by Nomura Securities International, Inc. It is the largest funding to date for a Mexican digital financial services company.
The Skadden team includes Capital Markets partner Alejandro Gonzáles Lazzeri (pictured right), counsel Alejandro Ascencio, international visiting professional Ignacio Zapata Benito, associate Nayla Basma and law clerk Rodrigo Carmona, among others.
