BBVA Bancomer To Launch $1.84 Billion Debt Program

BBVA Bancomer, the Mexican unit of Spanish banking giant BBVA, has registered with Mexico’s national banking and securities commission (CNBV) to issue up to $1.84 billion worth of local debt securities (20 billion pesos) in a program over the next two years. The nominal value and maturity of the debt securities will be determined for every issuance within the program. Casa de Bolsa BBVA Bancomer will act as placing agents. The bank has published a preliminary prospectus.