MEXICO CITY, Dec. 23, 2016 /PRNewswire/ -- Grupo
Financiero Santander México, S.A.B. de C.V. (BMV: SANMEX; NYSE:
BSMX) (the "Company") today announced that it has priced
U.S.$500 million aggregate principal
amount of 8.500% Perpetual Subordinated Non-Preferred Contingent
Convertible Additional Tier 1 Capital Notes (the "AT1
Notes"). The AT1 Notes were sold for 100.000% of their
principal amount and each AT1 Note is mandatorily convertible, in
certain regulatory circumstances, into ordinary shares of the
Company at the higher of the volume weighted average of the
ordinary shares closing price on the Mexican Stock Exchange for the
thirty (30) consecutive business days immediately preceding the
conversion date (with each closing price for the thirty (30)
consecutive business days being converted from Mexican pesos into
U.S. dollars at the then prevailing exchange rate) and a floor
price of Ps.20.30 (converted into U.S. dollars at the
then-prevailing exchange rate). Banco Santander, S.A. (Spain) has agreed to purchase approximately
88% of the aggregate amount of the AT1 Notes.
The offering of the AT1 Notes was registered with the U.S.
Securities and Exchange Commission ("SEC") and the Company
expects that the AT1 Notes will be registered in the Mexican
National Securities Registry (Registro Nacional de
Valores) of the Mexican National Banking and
Securities Commission (Comisión Nacional Bancaria y de
Valores).
Santander Investment Securities Inc., Goldman, Sachs & Co.
and Morgan Stanley & Co. LLC are joint book-running managers
for the offering. The offering is being made pursuant to an
effective shelf registration statement filed with the SEC on
December 21, 2016. The offering of
the AT1 Notes may be made only by means of a prospectus supplement
and the accompanying prospectus, copies of which, when available
may be obtained by contacting Santander Investment Securities Inc.
at 45 East 53rd Street, New York, New
York 10022 (tel: +1-855-403-3636), to Goldman Sachs &
Co. at 200 West Street, New York, New
York 10282 (tel: +1-866-471-2526), or to Morgan Stanley
& Co. LLC at 1585 Broadway, New York,
New York 10036 (tel: +1-866-718-1649).
This material fact announcement is required to be made under
Mexican law and does not constitute an offer to sell or the
solicitation of an offer to buy the AT1 Notes, nor shall there be
any offer or sale of the AT1 Notes in Mexico or any other jurisdiction in which such
offer, solicitation or sale would be prohibited prior to approval,
registration or qualification under the securities laws of
Mexico or any such
jurisdiction.
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SOURCE Grupo Financiero Santander Mexico, S.A.B. de C.V.