Chicago, Oct. 7 – BBVA Bancomer, SA, Institucion de Banca Multiple, Grupo Financiero BBVA Bancomer (BBVA Mexico) sold $500 million of five-year senior global notes with a 1 7/8% coupon (Baa1//BBB), according to a notice on the Bolsa Institucional de Valores.
The notes were issued under the bank’s $10 billion program.
The issue was more than 6x oversubscribed.
BBVA Mexico is the largest financial institution in the country.
| Issuers: | BBVA Bancomer, SA, Institucion de Banca Multiple, Grupo Financiero BBVA Bancomer (BBVA Mexico)
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| Issue: | Senior global notes
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| Amount: | $500 million
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| Maturity: | Five years
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| Coupon: | 1 7/8%
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| Pricing date: | Sept. 15
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| Ratings: | Moody’s: Baa1
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| Fitch: BBB
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