Bond BBVA Texas 8.125% ( US07336UAB98 ) in USD

Issuer	BBVA Texas
Market price	108.973 % ▲
Country	Mexico
ISIN code	US07336UAB98 ( in USD )
Interest rate	8.125% per year ( payment 2 times a year)
Maturity	08/01/2039
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Minimal amount	200 000 USD
Total amount	900 000 000 USD
Cusip	07336UAB9
Moody's rating	Baa2 ( Lower medium grade - Investment-grade )
Next Coupon	08/07/2026 ( In 151 days )
Detailed description	BBVA Bancomer (Texas branch) is a subsidiary of BBVA, offering a range of financial services including commercial banking, corporate banking, and private banking to businesses and high-net-worth individuals in Texas. The bond, identified by ISIN US07336UAB98 and CUSIP 07336UAB9, is an obligation issued by BBVA Bancomer, specifically through its Texas branch. This issuer, BBVA Bancomer, stands as Mexico's largest financial institution by assets and loans, operating as a key subsidiary of the prominent Spanish multinational banking group BBVA, with its Texas branch likely facilitating access to the U.S. dollar capital markets. Currently trading at 102.801% of its par value, this USD-denominated bond carries a fixed annual interest rate of 8.125%, with semi-annual coupon payments. The bond is set to mature on January 8, 2039, positioning it as a long-term debt instrument. With a substantial total issuance size of $900,000,000, the minimum purchase requirement is $200,000, targeting institutional investors. Moody's Investors Service has assigned a Baa2 credit rating, categorizing it as an investment-grade security with moderate credit risk, reflecting the issuer's financial strength and its strategic ties to its parent company, despite its country of issue being Mexico.