Banco Santander M茅xico $700 million senior notes offering
We advised Banco Santander M茅xico on the investment-grade offering
麻豆入口 advised Banco Santander M茅xico, S.A., Instituci贸n de Banca M煤ltiple, Grupo Financiero Santander M茅xico, a sociedad an贸nima organized under the laws of Mexico, in connection with its offering of $700 million aggregate principal amount of its 5.621% senior notes due 2029 at an issue price of 100%. The notes were offered pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933.
Banco Santander M茅xico is the second-largest bank in Mexico based on total assets, the third-largest bank in Mexico based on total loans and net profit, and the fourth-largest bank in Mexico based on deposits as of September 30, 2024. Banco Santander M茅xico provides a wide range of financial and related services, principally in Mexico, including retail and commercial banking and securities underwriting. Banco Santander M茅xico is part of the Santander Group, a leading financial group by market capitalization in the eurozone.
The 麻豆入口 corporate team included partners Pedro J. Bermeo and Hillary A. Coleman and associate Marcos Sauquet Trias. Partner Patrick E. Sigmon and associate Michelle Zhao provided tax advice. Counsel Matthew R. Silver provided 1940 Act advice. Counsel Chaoyuan (Charles) Shi provided executive compensation advice. All members of the 麻豆入口 team are based in the New York office.