Grupo Financiero Santander México list $500m in Tier 1 capital notes on GEM

Grupo Financiero Santander México, the second-largest financial services holding company in Mexico, has listed $500m 8.5% Tier 1 capital notes, due 2022, on the Global Exchange Market (GEM) of the Irish Stock Exchange (ISE).

About Grupo Financiero Santander México

Grupo Financiero Santander México provides a wide range of financial and related services, principally in Mexico, including retail and commercial banking, securities underwriting and brokerage and custody services.

Banco Santander Chile Logo from

Grupo Financiero Santander México is part of the global financial services provider Santander, headquartered in Spain and follows the listing of a bond issued by Santander Chile, Chile’s largest bank by total assets, on the ISE in August 2016.

Mexican companies with debt listed on the ISE

Grupo Financiero Santander México joins other major Mexican companies which have listed bonds on the ISE’s markets including Pemex, the state-owned petroleum company, and Comisión Federal de Electricidad (CFE), the state-owned electrical utility company.

The ISE offers two markets for listing bonds, GEM and the Main Securities Market (MSM), and currently has over 29,000 debt securities listed.

List debt on the ISE