Banco Multiva Secures $300 Million in International Capital Issuance

Banco Multiva has bolstered its financial foundation with a landmark international issuance of $300 million in Additional Tier 1 capital, a strategic move designed to fortify its capital structure and expand its growth potential. This operation, which closed on August 3 and will be settled on August 10, underscores the confidence international investors place in the bank's long-term strategy.

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It is a key step because it strengthens our capital and, therefore, our capacity to be able to grant more financing. This opens the door for us in global markets to support the growth of our portfolio.

This issuance marks a significant institutional milestone for Banco Multiva, as it is the bank's first international capital market operation. It reflects global market recognition of its specialized banking model, particularly its focus on sectors such as infrastructure, government, and energy. Tamara Caballero, General Director of Banco Multiva, emphasized the operation's importance in an interview with EFE, stating it is a key step that strengthens capital and, consequently, the bank's capacity to provide more financing.

Caballero explained that the bank has been exploring diverse capital sources for about a year, noting the limited options available within Mexico for such instruments. "This is why we ended up going to the global markets," she said, adding that the bankers involved saw a significant opportunity to promote their model internationally. The resources raised are earmarked for financing projects in sectors including infrastructure, such as airports, ports, roads, and railways, as well as the energy and water sectors.

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The options in Mexico for these types of tools are very limited, and that is why we ended up going to the global markets.

Banco Multiva already manages a strategic portfolio of approximately 70 billion Mexican pesos (about $4.059 billion) in these sectors, spread across 68 projects. The international issuance was coordinated by global banks Barclays, Goldman Sachs, and Jefferies, with legal counsel provided by White & Case LLP, Robles Miaja S.C., and Cleary Gottlieb Steen & Hamilton LLP. Banco Multiva views this issuance as occurring within a favorable context for long-term investment in Mexico, supported by government initiatives like the Plan Mexico 2030 strategy.

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The bankers who accompanied us in this operation analyzed us and thought we had a great opportunity to sell our model internationally.