Galicia advises Palacio de Hierro on $117m notes offering
Galicia Abogados has counselled Palacio de Hierro and Grupo BAL on the operation
Palacio de Hierro, founded in 1888, is one of the oldest functioning department stores in the World. Galicia Abogados advised Grupo Palacio de Hierro SAB de C.V. on its offering of $117.1 million 7,08 % notes due 2027. The notes received an AAA rating.
Casa de Bolsa BBVA Bancomer and Scotia Inverlat Casa de Bolsa acted as underwriters on the offering.
Galicia Abogados team was led by Guillermo Pérez Santiago (pictured), and involved associates José Alejandro Cortés Serrano, Sofía Montes de Oca Márquez and Emiliano Flores Juárez.