Cleary Gottlieb is representing Banco Inbursa, one of Mexico’s largest commercial banks, in its Regulation S/Rule 144A offering of $750 million 4.375 percent senior notes due 2027, which priced on April 6, 2017.
BofA Merrill Lynch, Citigroup and Credit Suisse are acting as initial purchasers of the offering. The transaction is expected to close on April 11, 2017.
Application is expected to be made to have the notes listed on the Irish Stock Exchange. This is the second Regulation S/144A offering for which Cleary has represented Banco Inbursa, following its debut offering of $1 million 4.125 percent senior notes in 2014.