IFLR1000

BanBajío BMV IPO

8/6/2017
IPO
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$ 482 million

Announced

8/6/2017

Overview:

  • BanBajío has undertaken a $482 million IPO.
  • The Rule 144A/Reg S shares were listed on the Mexican Stock Exchange (BMV).
  • The issuer is one of Mexico's major commercial banks.
  • The proceeds of the offering are for improving the banks' capitalization ratio, growing its loan portfolio and to prepay credit liabilities.

Katrin Kostadinova - Data analyst

Jurisdiction:

Mexico

Deal type:

IPO

Practice area:

Capital markets : Equity

Governing law:

Mexico

Industry sector:

Banking

Firms:
Cleary Gottlieb Steen & Hamilton

Party: Citigroup (Initial purchaser)

Party: Morgan Stanley (Initial purchaser)

Party: UBS (Initial purchaser)

Party: BTG (Initial purchaser)

Paul Hastings

Party: BanBajío (Issuer)

Lawyers: Arturo Carrillo, Michael Fitzgerald, Pedro Reyes

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