Mexico City, May 31, 2018, Santamarina y Steta acted, through its partner Sergio Chagoya Díaz and the associates Jorge Vazquez and Juan Pablo Rodríguez Sada, as external legal counsel of Invex Controladora, S.A.B. de C.V. in connection with the Revolving Short and Long Term Debt Bonds Issuances Program (Programa Dual de Certificados Bursátiles de Corto y Largo Plazo) that was authorized by the National Banking and Securities Commission on May 21, 2018 for a total amount of MXN $3,500' 000,000.00 (three thousand five hundred million pesos 00/100 legal currency of the United Mexican States) as well as for the first issuance of long term debt bonds for a total amount of MXN $1,000'000,000.00 (one-thousand million pesos 00/100 legal currency of the United Mexican States) and the first issuance of short term debt bonds for a total amount of MXN $600'000,000.00 (six hundred million pesos 00/100 legal currency of the United Mexican States).
The transaction involved obtaining the corresponding authorization from the National Banking and Securities Commission as well as the approval and green light from the Mexican Stock Exchange and the Mexican Central Securities Custodian (S.D. Indeval Institución para el Depósito de Valores, S.A. de C.V.).
The transaction was very useful and fruitful to create confidence and certainty in the Mexican Securities Market, as well as to encourage the issuing companies as well as the Mexican investors to carry out more operations through the Mexican Stock Exchange. It is also relevant given the current uncertainty of the Mexican market due to the current political situation in Mexico and the presidential elections that will be facing in July.
The program was authorized by the National Banking and Securities Comission on May 21st, 2018.