BBVA Bancomer Prices Euro Tranche

Mexico’s BBVA Bancomer priced Friday €600m in cumulative fixed-to-floating rate subordinated preferred 10 non-call 5 notes, due 2017, at mid-swaps plus 45bp, in line with guidance issued Wednesday. The Tier II notes are the second part of a hybrid offering. The first half was denominated in dollars and was priced Thursday.