BBVA Bancomer in U.S. $500 Million Fixed Rate Cumulative Subordinated Preferred Notes Re-Opening Offering

September 28, 2012

Cleary Gottlieb represented BBVA Bancomer in its Regulation S/Rule 144A offering of U.S.$500,000,000 6.75% Fixed Rate Cumulative Subordinated Preferred Notes Due 2022, a re-opening of its previous offering that closed on July 19 in which Cleary Gottlieb also acted as counsel to BBVA Bancomer. The offerings will allow BBVA Bancomer to consolidate and further strengthen its liquidity and capital position. Banco Bilbao Vizcaya Argentaria, Goldman, Sachs & Co. and Merrill Lynch, acted as initial purchasers of the offering. The transaction closed on September 28.

BBVA Bancomer is Mexico’s largest bank in terms of total assets, number of branches, loans and deposits.