BBVA looks to lead more syndicated loans to Mexican states

BBVA looks to lead more syndicated loans to Mexican states

Loans Corporate & Sovereign Strategy Economy & Policy Debt Politics Mexico

Spanish bank BBVA is looking to arrange more syndicated loans for state governments in Mexico, following a billion-dollar deal in Chihuahua last year, Jorge González Jacob, global head of corporate loans at BBVA, told LatinFinance. The bank's local subsidiary, BBVA Bancomer, led a 19-year, MXN20.2bn ($1.06bn) syndicated loan for the Chihuahua state government in April 2018 and brought five other lenders — BanBajío, Banorte, Interacciones, Multiva and Santander — to the transaction. "We are tryin

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