News & Events

The Firm recently represented Daiwa Capital Markets America Inc. in connection with the offering and sale by Nacional Financiera, Sociedad Nacional de Crédito, Institución de Banca de Desarrollo (“Nafin”) of ¥10 billion aggregate principal amount of its 0.78% Bonds due 2022. The bonds were offered and sold in reliance on Regulation S. This transaction was the first ever Yen-denominated bond offering by Nafin.

Nafin is a development bank wholly owned by the Mexican government that provides access to affordable financing to micro-, small- and medium-sized enterprises operating throughout Mexico, as well as entrepreneurs and strategic investment projects in Mexico. The proceeds from the offering will be used to finance the activities permitted pursuant to the organic law applicable to Nafin (Ley Orgánica de Nacional Financiera) and any other applicable legislation.

The Simpson Thacher team included Jaime Mercado, Kirsten L. Davis and International Associate Luiz Rafael de Vargas Maluf (Capital Markets); and Jasmine Hay (Tax).