New York – Paul Hastings LLP, a leading global law firm, announced today that it represented Banco del Bajío in completing its approximately $500 million initial public offering of common stock. Banco del Bajío is one of Mexico’s largest commercial banks, with a business model focused on providing credit facilities to corporate clients. Paul Hastings also represented Temasek Holdings, acting through its investment vehicle Ion Investments, B.V., as selling shareholder in the offering.
The IPO was sold internationally pursuant to Rule 144A and Regulation S and the shares were listed on the Mexican Stock Exchange. The proceeds received by Banco del Bajío will be used for general corporate purposes, including improving its capitalization ratio, growing its loan portfolio and to prepay certain liabilities.
Latin America Practice partners Michael L. Fitzgerald and Arturo Carrillo led the Paul Hastings team, which also included of counsel Pedro Reyes, associate Stephanie Monroe Rohlfs and foreign associate Laura Berazaluce.
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