Global law firm White & Case LLP has advised CYDSA, S.A.B. de C.V. (CYDSA), a leading Mexican chemical and salt producer, as issuer, on the third and fourth offering of long-term bonds (certificados bursátiles) under CYDSA's existing issuance program, for an aggregate amount of MXN 2.74 billion.
The third offering was for approximately MXN 1.74 billion with a maturity of approximately three years, at a risk-free floating interest rate (TIIE de Fondeo) plus a spread of 1.25 percent; and the fourth offering was for approximately MXN 1.00 billion with a maturity of approximately seven years, at a risk-free floating interest rate (TIIE de Fondeo) plus a spread of 1.75 percent.
Headquartered in Monterrey, Mexico, CYDSA is a diversified industrial group focused on specialty chemicals, energy, hydrocarbons processing and storage, and salt production. The Company operates more than 20 subsidiaries across nine locations and serves customers in more than 15 countries.
The White & Case team was led by partners Juan Antonio Martin and Eduardo Flores Herrera, counsel Eric Quiles and included associate Viridiana Alanis Carrera (all in Mexico City).
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