We advised Banco Santander México on the investment-grade offering 

Davis Polk advised Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México, a sociedad anónima organized under the laws of Mexico, in connection with its offering of $700 million aggregate principal amount of its 5.621% senior notes due 2029 at an issue price of 100%. The notes were offered pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933.

Banco Santander México is the second-largest bank in Mexico based on total assets, the third-largest bank in Mexico based on total loans and net profit, and the fourth-largest bank in Mexico based on deposits as of September 30, 2024. Banco Santander México provides a wide range of financial and related services, principally in Mexico, including retail and commercial banking and securities underwriting. Banco Santander México is part of the Santander Group, a leading financial group by market capitalization in the eurozone.

The Davis Polk corporate team included partners Pedro J. Bermeo and Hillary A. Coleman and associate Marcos Sauquet Trias. Partner Patrick E. Sigmon and associate Michelle Zhao provided tax advice. Counsel Matthew R. Silver provided 1940 Act advice. Counsel Chaoyuan (Charles) Shi provided executive compensation advice. All members of the Davis Polk team are based in the New York office.

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