Davis Polk advised the initial purchasers in connection with a Rule 144A and Regulation S offering by Banco Bilbao Vizcaya Argentaria Colombia S.A. (BBVA Colombia) of $400 million aggregate principal amount of 4.875% subordinated notes due 2025.
BBVA Colombia is one of the leading commercial and retail banks in Colombia. It is the largest foreign-owned bank in Colombia in terms of deposits, the fourth-largest in terms of total assets and deposits, the second-largest in terms of mortgage loans and the largest in consumer loans.
The Davis Polk corporate team included partner Maurice Blanco and counsel Katia Brener. Counsel Jeanine P. McGuinness provided regulatory advice. The tax team included partner Michael Farber and associate William A. Curran. All members of the Davis Polk team are based in the New York office.