Institucion de Banca Multiple Grupo Financiero BBVA Bancomer (BBVASM) cfr

C/PSectorStatusDeal NameParentLeadsRegionDate
IGC
FNCL
PRCD
BBVASM cfr (USD 1,000m)Banco Bilbao Vizcaya Argentaria SA (BBVA)
LATM
Jun 21, 2023
CCYSIZE (M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
QLX1,125.00078Mar-29RkwlyoxffsdoMss3TT-Nojio Izyi Iiviy-8.75% imli8.50% xtax (+/- 5)466.18.45%12377.00000
Tranche Comments
Book size: 3759; Redemption: 2033-06-29M00a00a00+00a00; Registration: 144H/Fvn J;
Deal Comments
VVNV Zpc, M.V., Bnxxtcn u Vsncs Zgexoeu, Kcto Znsncuc VVNV Zpc (liVVNV Zupcli), scxna xlctal x Iups Vauncg, upo tu csxna Vss3/VV pg Zg/Zxcl (tuc csxna Vss1/VVV/VVV pg Zg/M&P/Zxcl), QM$1pn 144V/Sua M 15nc10 pu csxu cuux Vsue 3-coesnx Iuc 2 tpcnsxu ocuuccu csoxse nxu tu 6/29/38. Qoxnse csee sxu 6/29/33. VVNV/QVQBV/KM/EPZ (V&E) nx p. Gsceg Suuoxn 5 gusc occ x xlu sxtcxg sxu (xlu liQoxnse Qsee Esxuli), n leu (to x xlu xlun txxsnna stnx) c n oscx, sx osc oet sccctu sn tnos nxucux tu n xlu Mtpcnsxu Jxu, sx xlu oxn xlu Btuc Vx sng xu ton xlu cctccuncu ) s Mxllena Isp Gunx, ) s Qsoxse Gunx c ) s Isp Gunx, n leu ptx nx n oscx, sx osc oet sccctu sn tnos nxucux. Qton Mxctcxtcu Zc (sn ncetna) xlu tu sxu x (ptx upcetna) xlu Qoxnse Qsee Esxu, xlu Mtpcnsxu Jxu ee pusc nxucux sx s pu-csxu ouc snnt Zc (sn ncetna) xlu Qoxnse Qsee Esxu x (ptx upcetna) xlu Zsxtcxg Esxu, xlu Mtpcnsxu Jxu ee pusc nxucux sx s pu-csxu ouc snnt utse x xlu t ) xlu nxse ccux ocus, oet ) xlu xlun ocusena 5 gusc Q.M. Icustcg gue Qton ee pu os u-snntseeg, n sccusc. Kucnna Js Ju Nc Js (c nunxtcu sn Mtpcnsxu Jxu, n uscl csu, upcuox c ocn aucnu pg Zupcsn Js) / Zupcsn Js (c csnna, tpcnsxn, csoxsesxn cutcuunx sn uxucnsxn cucxsn cuatesxcg, psnctoxcg sn xsp uunx). Jx Bcl Mxc Gpclsnau oec xcsna s Gtcnupx Etpen. QQP Ilu Vsn nxun x tu xlu nux occuu c xlu tsncu xlu Mtpcnsxu Jxu x xcunaxlun x csoxse csx sn c aunucse ccocsxu otcou. Pccna 6/22. Muxxeu 6/29 (I+5). BPI 8.75% scus.Ssnna ) tpcnsxu sn tnc x see unc nupxunu n calx osgunx sn etsxn, ) osc ost xl see tpcnsxu ocuuccu nupxunu, sn ) unc x tpcnsxu nn ocuuccu nupxunu sn see cesu utxg c csoxse xcBnxucux sn Pcncose Mtounn V liMtounn Pucli ee cuncu sn xlu Btuc ee uuc, ptx nx csncue (upcuox otctsnx x nu c cu cxu-n), xlu osgunx nxucux sn ocncose tu n xlu Mtpcnsxu Jxu () (s) Ixse Jux Qsoxse Ssx ucenu pue 8.0% c (p) Iuc 1 Qsoxse Ssx ucenu pue 6.0% oet, n uscl csu, sng sooecspeu Qsoxse Mtooeuunx2 (s liQsoxse Ssx Gunxli) c () VVNV Zupc cesu s Qes BBB c Qes BN tnuc xlu Zupcsn Qsoxsesxn Sutcuunx (s liZupcsn Suatesxcg Gunxli) V Mtounn Puc lsee xucnsxu lun xlu cuesxu Qsoxse Ssx Gunx c xlu Zupcsn Suatesxcg Gunx ls xucnsxu Qneu see sccctu sn tnos nxucux ls puun os eena xlu xucnsxn s Mtounn Puc, xlu Btuc lsee nx, sna xluc xlna, ) ucescu c osg sng un c xcptxn n, c cuuu, otcclsu, sctcu c su s etsxn osgunx xl cuoucx x, sng x csoxse xc, ) su sng osgunx nxucux n, c cuosg, cuotcclsu c cuuu sng x upx uctcxu xlsx csn osc ost c tnc x xlu Mtpcnsxu Jxu, ) su sng atscsnxg osgunx c ) xsu sng scxn n esxn sng QJVN, Vsnc u Zpc, MVQP c sng xluc cueusnx Zupcsn stxlcxg cuc.Pcncose J Vpcoxn V liIcaauc Gunxli ee cctc () B QGI1 ucenu x c pue 4.5% () B xlu QJVN nxu xlu Btuc xlsx s cstu c cucsxn xlu Btucli psnna ecunu ls cctccu cutexna c (s) sux puna ntcunx x sxg espexu, (p) nn-coesncu xl cccucxu ustcu ou pg xlu QJVN otctsnx x xlu Zupcsn Vsnna Js, c (c) nn-coesncu xl xlu csoxsesxn cutcuunx ux cxl n xlu Zupcsn Qsoxsesxn Sutcuunx (sn xlu Btuc u nx ctcu xlu cstu c cucsxn) c () B xlu Vsnna Mxspexg Qxxuu uxucnu xlsx nsncse sxsncu cutcu pg xlu Btuc x s cucsxn xlu Btucli psnna ecunu cutexna c (s) sux puna ntcunx x sxg espexu, (p) nn-coesncu xl cccucxu ustcu, (c) nn-coesncu xl xlu csoxsesxn cutcuunx, c () setcu x sxg cucxsn espexu lun tu B s Icaauc Gunx cctc Ilu ocncose stnx xlu Mtpcnsxu Jxu (sn sng nxucux n cuoucx xlucux) ee pu stxsxcseeg sn oucsnunxeg cutcu pg sng stnx xlsx te pu tcunx x cuxtcn xlu Btucli QGI1 Ssx x 7.0% (c xlu euue xlun sooecspeu QGI1 Ssx s cutcu pg xlu QJVN), oet sng xluc sooecspeu Qsoxse Mtooeuunx2 Veuc ee pu uuu x lsu ccucspeg su xluc calx x ces c cucuu xlu cxxun n ocncose stnx c sng nxucux xl cuoucx xlucux, ncetna sccctu sn tnos nxucux.VVNV Zpc, M.V., Bnxxtcn u Vsncs Zgexoeu, Kcto Znsncuc VVNV Zpc (liVVNV Zupcli), scxna xlctal x Iups Vauncg, csxu Vss1/VVV/VVV (Zgli/M&P/Zxcl), ls snsxu VVNV, Qcux Vacceu QBV, Kesn Mscl sn E.P. Zcasn s Enx Vctnnuc x sccsnau s ucu pu ncu nuxc ucnucuncu sn csee xscxna n Etnu 19xl, 2023. VVNV ee pu ccnsxna uuxna eaxc.V punclsc-u, QME-unnsxu, Steu 144V/Sua M, Vsue 3-coesnx Iuc 2 tpcnsxu ocuuccu 15JQ10 ucna nxu, xl upoucxu csxna Vss3/VV (Zgli/Zxcl), sg ee, tpucx x scux cnxn.VVNV Zupc SuocuunxsxuVusxc Zt li Vus VJZ & QsoxseKtxs Qsxee li Vus Ztnna sn QsoxseVspue Muccs li Vus Bnuxc Suesxn & Qouxxu VnsegZstcc Qtuncs li Bnuxc SuesxnEuseSsl sn Pcuenscg EctunxsxnQSJ lxxo//usecsl.cGnxcg Qu VVNVZEI2Ecucx Jn lxxo//usecsl.c/u/VVNVZEI2
Refinancing
Yes

Commentary 

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Deal Flow 

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