Carlos Alonso Arellano
Alonso focuses his practice on financial regulatory matters, mainly in connection with payment systems, pension funds and FinTech solutions, in addition to providing legal advice to issuers and underwriters in the debt and capital markets. While Alonso concentrates on advising on regulatory compliance obligations with the National Banking and Securities Commission and the National Pension System Commission, among other financial regulatory authorities, his practice includes money laundering prevention as well as data privacy regulation.
Prior to joining White & Case in 2017, Alonso worked as In-House Counsel in a Mexican family office, dealing with corporate, labor and contract matters. Alonso has assisted on a pro bono basis in World Bank projects.
Banorte Certificados Bursátiles Issuances, 2019
Representation of Banco Mercantil del Norte, ("Banorte"), on its third issuance (BANORTE 19) and its fourth issuance (BANORTE 19-2) of debt certificates (certificados bursátiles) under its locally registered debt issuance program as recurrent issuer. The amount of the third issuance was MXN 5.4 billion with a maturity of three years, while the amount of the fourth issuance was MXN 1.5 billion with a maturity of five years. Both issuances were publicly offered in the Mexican securities market, locally registered with the National Banking and Securities Commission ("CNBV") and listed on the Mexican Stock Exchange.
Active Leasing MXN 3 Billion Trust Certificates Program and First Issuance Under Program, 2019
Representation of Active Leasing, in the authorization in Mexico of a MXN 3 billion trust certificates program and in its first asset leasing (cars) securitization for MXN 253 million, under the program. The trust certificates are listed on the Mexican Stock Exchange and registered in Mexico. The proceeds were used to prepay the first securitization issued by Active Leasing in 2017 and to increase Active Leasing’s lease origination.
Banorte Certificados Bursátiles Issuances, 2018
Representation of Banco Mercantil del Norte , on its first issuance (BANORTE 18) and its second issuance (BANORTE 18-2) of debt certificates (certificados bursátiles) under its locally registered debt issuance program as recurrent issuer. The amount of the first issuance was MXN 1.870 billion with a maturity of two years, while the amount of the second issuance was MXN 2.663 billion with a maturity of four years. Both issuances were publicly offered in the Mexican securities market, locally registered with the National Banking and Securities Commission and listed on the Mexican Stock Exchange.
Banorte Debt Instruments Program, 2018
Representation of Banco Mercantil del Norte, Mexico’s largest bank in terms of total assets, deposits and stockholders’ equity that is not controlled by or affiliated with a non-Mexican financial institution, on the registration in Mexico of its program of debt instruments, including the possibility to issue certificates (certificados bursátiles), structured certificates (certificados bursátiles estructurados), bonds (bonos bancarios), structured bonds (bonos bancarios estructurados), deposit certificates (certificados de depósito) and subordinated notes (obligaciones subordinadas) as recurring issuer. The amount of the program is up to MXN 50 billion (approximately US$2.5 billion). The program will be in full force for five years. This was the first program authorized in Mexico allowing a bank to issue subordinated notes, bonds and certificates under the program.
Comisión Federal de Electricidad Energy and Infrastructure Investment Trust, 2018
Representation of Comisión Federal de Electricidad ("CFE"), the national electric company of Mexico, as Mexican counsel in the first publicly traded Fibra E (energy and infrastructure investment trust) focused on Mexico’s electric transmission sector and the first publicly traded company sponsored by CFE. As part of the transaction, CFE Transmisión assigned its collection rights under a technical agreement entered into with the CENACE (Centro Nacional de Control de Energía) to a promoted trust. The Fibra E issued 750,000,000 CBFEs Series A for an aggregate amount of MXN 16.387 million (US$862 million) as part of a global offering in Mexico and abroad (pursuant to Rule 144A/Regulation S) and 250,000,000 subordinated CBFEs owned by CFE. The CBFEs were fully registered in the CNBV and listed on the Mexican Stock Exchange. The proceeds of the issuance were used for the Fibra E to acquire a 6.85 percent economic ownership in the promoted trust, and therefore have an indirect interest in the revenues from the transmission business.