White & Case advises Banco Multiva on its issuance of US$300 million in tier 1 capital notes
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Global law firm White & Case LLP has advised Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva (Multiva), on the issuance of US$300 million of perpetual five-year callable subordinated non-preferred non-cumulative tier 1 capital notes.
The notes were offered in the international markets in reliance on Rule 144A and Regulation S under the US Securities Act of 1933 and are expected to be listed on the Singapore Exchange Securities Trading Limited (SGX-ST).
Multiva is a highly specialized Mexican commercial bank and the principal subsidiary of Grupo Financiero Multiva, a diversified financial group with operations spanning banking, brokerage, asset management and fiduciary services. Multiva has built a differentiated franchise serving sectors that play an important role in Mexico's economic development, including infrastructure, government, corporate and real estate finance.
The White & Case team was led by partners John Vetterli (New York), Narciso Campos Cuevas, Eduardo Flores Herrera, and Simon Micha Kurc (all in Mexico City); and included counsel Henrikki Harsu (New York); and associates Alonso Arellano, Fernanda Ramírez Hurtado (both in Mexico City) and Ernesto Torres (New York).
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