Banamex raises $1.3 billion in debut international bond sale amid Citi stake sell-down

ReutersApr 30, 2026 9:58 PM

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MEXICO CITY, April 30 (Reuters) - Mexican lender Banamex raised $1.3 billion in its first international bond sale, it said on Thursday, in a move aimed at boosting its financial strength and supporting long-term growth as the bank separates from Citi C.N.

DEAL DETAILS

Banamex said demand was strong, with investor orders reaching about 2.7 times the amount on offer. The bonds will pay 6.70% annual interest, mature in a little over 10 years, and can be repurchased by the bank after five years.
Citi in 2024 split Banamex off from its institutional banking operations as part of a plan to list the retail unit on the stock market.
In December, Citi sold a 25% stake to business magnate Fernando Chico Pardo, and in February, came to a deal to sell another 24% to a consortium of investors.

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