• LatinFinance awarded BBVA Bancomer Corporate & Investment Banking due to its exceptional activity in all capital markets businesses for Mexican clients
  • This award follows recent ones given to BBVA Bancomer for investment banking activity where it is the clear market leader

Trade media publication LatinFinance has recognised BBVA Bancomer as Best Investment Bank in Mexico 2013 for its key role in the country's dynamic capital markets. Criteria analyzed by LatinFinance include exceptional activity in the debt, capital and M&A markets as well as the bank's sound financials.

Álvaro Vaqueiro, Head of Global Markets in BBVA Bancomer, noted that "this award confirms our successful strategy, which has been backed by our clients' trust, which has helped us become the market leader we are today".

Adrián Otero, Head of Corporate & Investment Banking at BBVA Bancomer, stated that BBVA Bancomer's intense activity is set to continue thanks to the country's stable economy and low inflation. He explains that "there are still plenty of opportunities in investment banking and the debt markets, as we have recently observed in the latest IPO of the dairy products giant Lala, the hugest in Mexican history, where the demand surpassed 9.8 times the initial offer".

For Otero, this outlook will improve further once structural reforms have been introduced which "will increase activity in Mexico and, hopefully, bring new operations, particularly in the energy and infrastructure sectors".

It is precisely in these sectors where BBVA Bancomer participated in two major deals which contributed to this award nomination. Namely, a $3.1bn project finance deal to finance the Etileno XXI petrochemical plant and the debt disposal of the Oaxaca II and IV wind farms. The latter was also named the best renewable energies financing deal.

LatinFinance also highlighted the bank's involvement in the country's largest ever IPO, the Santander México $4.1bn deal. In "innovative bond deals" the publication noted BBVA role as underwriter in the América Móvil transaction worth 15bn Pesos and the Euro-Peso deal for Red de Carreteras de Occidente.

This award follows others granted to Bancomer's investment banking unit this year by well-known trade media such as Project Finance Magazine, Euromoney, Structured Retail Products, Structured Products Magazine and Global Finance. These accolades acknowledge the bank as a clear leader in debt placements for corporate clients, syndicated loans, share offerings in the capital markets, structured notes and hedging products.

Contact details: 

BBVA Corporate & Investment Banking Communications
Tel. +34 91 374 45 45

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