BBVA Bancomer in $750 Million Senior Notes Offering

April 10, 2014

Cleary Gottlieb represented BBVA Bancomer in its Regulation S/Rule 144A offering of $750 million 4.375% fixed rate senior notes due 2024, its first senior notes offering since March 2011 in which Cleary also acted as counsel to BBVA Bancomer. Banco Bilbao Vizcaya Argentaria, Goldman Sachs and Credit Suisse acted as initial purchasers of the offering. The transaction closed on April 10, 2014.

BBVA Bancomer is Mexico's largest bank in terms of total assets, loans and deposits. Application has been made to have the notes listed on the Irish Stock Exchange, and BBVA Bancomer will use the proceeds of the offering for general corporate purposes.