Cleary Gottlieb advises in BBVA México $1B notes
Cleary Gottlieb has represented BBVA, BofA Securities, Citi, and HSBC in a $1 billion offering by BBVA México of 5.4% senior notes due 2031.
The notes were offered in the U.S. pursuant to Rule 144A and internationally pursuant to Regulation S, under BBVA México’s medium-term note program.
The transaction is notable as the first time a Mexican financial institution priced inside the Mexican sovereign spread.
The Cleary Gottlieb corporate team advising on the transaction was based in New York and comprised partner Manuel Silva, associate Alejandro Martínez-Inzunza, and international lawyer Matias Chaves.
