BBVA in 2012

Equity Capital Markets

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Despite the difficult environment, BBVA’s activity in equity capital markets has been quite intense. It participated in 20 equity deals and reinforced the Group’s leadership in key markets. As for IPOs, BBVA participated as co-lead manager in the initial public offering of the German company Telefnica Deutschland, the biggest operation of this kind in Europe in 2012 and in Germany since 2007. BBVA also participated as joint-bookrunner in the domestic tranche of the Santander Mexico IPO, the year’s third biggest worldwide and the second biggest ever in Latin America. Other noteworthy IPOs have been Cemex Latinoamrica Holdings in Colombia and Fibra Macquarie and FibraHotel in Mexico, where BBVA was the global coordinator.

The participation in the share capital increases of UniCredit, Banco Sabadell, BES, Peugeot and Banco Popular are worth highlighting in Europe. It also took part in the share capital increases of Cencosud in Chile and of Fibra Uno and Mexichem in Mexico. Lastly, BBVA participated as bookrunner in the fast-track placing of Repsol shares.

Main Equity Capital Market transactions in 2012