Banco Inbursa in $1 Billion Senior Notes Offering

June 6, 2014

Cleary Gottlieb represented Banco Inbursa in its debut Regulation S/Rule 144A offering of $1 billion 4.125% senior notes due 2024. Credit Suisse, BofA Merrill Lynch and Citigroup acted as initial purchasers of the offering. The transaction closed on June 6, 2014.

Banco Inbursa is one of Mexico’s largest commercial banks in terms of total assets, total loan portfolio and total stockholders’ equity and has the highest capital ratio and tier 1 ratio among commercial banks in Mexico. Application has been made to have the notes listed on the Irish Stock Exchange. Banco Inbursa will use the proceeds of the offering for general corporate purposes.