JOURNAL ARTICLE

Banamex Sells Global Bonds for First Time Since Citi Sale.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Butler, Kelsey; Vizcaino, Maria Elena 3 of 3

Abstract

The article focuses on Mexico's Grupo Financiero Banamex issuing $1.3 billion in notes due in 2036, marking its first global market offering since Citigroup Inc. began reducing its ownership stake. Citigroup recently sold portions of Banamex to institutional investors and Mexican billionaire Fernando Chico Pardo, retaining about half the company. Moody's Ratings, which assigned a Baa2 rating to the debt, indicated a potential downgrade of Banamex's subordinate debt as Citigroup's financial support diminishes with its reduced ownership. The issuance was coordinated by Citigroup, BTG Pactual, Credit Agricole, and Societe Generale. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:193408527
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