MEXICO CITY (July 2, 2014) – Holland & Knight represented Abengoa Mexico, an international energy technology company, in its debut on the Mexican Stock Exchange with the registration of a $3 billion pesos (approx. US$230 million) debt program and its first issuance of $163 million pesos (approx. US$12.5 million) on July 2. The issuance was placed by CI Casa de Bolsa and had a rating of HR3 by HR Ratings.
Mexico City-based partners Boris Otto and Alejandro Landa Thierry led Holland & Knight's representation of Abengoa with the assistance of associates Carlos Muskus and Maria Serna.
"We are very proud to assist Abengoa on its debut in the Mexican Stock Exchange as this represents an additional source of funding for the company," said Mr. Landa Thierry.
"The reforms taking place within the Mexican energy sector will require companies to establish different sources of funding in order to develop new projects. With this move, Abengoa has positioned itself well for the future," said Mr. Otto.
Abengoa is an international leading technology company that applies innovative technology solutions for sustainability in the energy and environment sectors, generating energy from renewable resources, converting biomass into biofuels or producing drinking water from seawater. In Mexico, Abengoa is recognized as a leading company in the construction and engineering of substations and power lines, the construction of power plants with conventional energy sources, and the construction of single buildings.
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