BBVA México’s $1 Billion Offering

Cleary Gottlieb is representing BBVA, BofA Securities, Credit Agricole, and J.P. Morgan, as dealers, in a $1 billion offering by BBVA México of 7.625% fixed reset subordinated preferred tier 2 capital notes due 2035.

The offering priced on February 5, 2025, and is expected to settle on February 11, 2025.

The notes were offered for sale in the United States pursuant to Rule 144A and abroad pursuant to Regulation S, under BBVA Mexico’s medium term note program.

BBVA México is the largest financial institution in Mexico in terms of total assets, loans, and deposits, and is one of the largest banks in Latin America.