IFLR1000

BBVA Colombia $400 million notes issue

21/4/2015
High-yield bond/note issue
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Af 400 million

Completed

21/4/2015

Overview:

  • Banco Bilbao Vizcaya Argentaria (BBVA) Colombia has issued $400 million of 4.875% subordinated tier 2 notes which reach maturity in 2025. 
  • BBVA Securities and Morgan Stanley acted as initial purchasers. 
  • Colombia introduced Basel III requirements to the market in September 2014. This transaction was structured taking Basel III requirements into account. 

Rani Mehta - Journalist 

Jurisdictions:

United States
Colombia

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Governing law:

New York

Industry sector:

Banking

Firms:
Brigard Urrutia

Party: BBVA (Issuer)

Lawyers: Carlos Fradique-Méndez, Luis Gabriel Morcillo

Davis Polk & Wardwell

Party: Morgan Stanley (Initial purchaser)

Party: BBVA Securities (Initial purchaser)

Lawyers: Katia Brener, Maurice Blanco

Milbank

Party: BBVA (Issuer)

Lawyers: Carlos Albarracín, Marcelo Mottesi

Philippi Prietocarrizosa Ferrero DU & Uría

Party: Morgan Stanley (Initial purchaser)

Party: BBVA Securities (Initial purchaser)

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