BBVA Bancomer Raises $2B
Mexican lender BBVA Bancomer has raised $2 billion in a sale of bonds.
Mexican lender BBVA Bancomer has raised $2 billion in a sale of bonds, Bloomberg reports. The issue includes $750 million of five-year bonds and $1.25 billion of 10-year subordinated notes.
The active bookrunners on the deal are BBVA, Deutsche Bank Securities and Goldman Sachs. The company intends to use the net proceeds for general corporate purposes, which could include the repayment of remaining debt securities.
Click here for the story from Bloomberg.