BanBajío’s $482 Million IPO

June 8, 2017

Cleary Gottlieb represented the initial purchasers Citigroup, Morgan Stanley, UBS and BTG in the $482 million global initial public offering of BanBajío, one of Mexico’s major commercial banks.

The transaction consisted of an international offering in the United States pursuant to Rule 144A and in other countries outside the United States and Mexico in reliance on Regulation S, and a concurrent initial public offering in Mexico conducted through the Mexican Stock Exchange.  The offering included a primary offering by BanBajío and a secondary offering by certain institutional shareholders. The transaction priced on June 7, 2017, and is scheduled to close on June 13, 2017.