BBVA in 2013

Equity Capital Markets

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There was notable activity in equity in 2013, i.e. issues in equity markets. BBVA has participated in 29 deals and reinforced the Group’s leadership in key markets. In Europe major operations have been carried out, such as the IPO of CTT (the Portuguese mail company) and the share capital increases of Commerzbank and Barclays; in fact, the Barclays operation was the biggest equity operation in the world in 2013. Other operations worthy of note are: the repurchase of Repsol preferred securities, in which BBVA has worked as agent bank; and the advice to SEPI on the purchase of 20% of Indra from Bankia.

Outside Europe activity in Mexico was outstanding. BBVA has led the IPOs of IEnova, Fibra Danhos, Grupo Lala and the issue of CKDs by Artha, as well as the follow-on of Fibra Uno, Cultiba, OHL Mexico, Grupo Financiero Inbursa, FibraHotel, Banorte, OMA and Actinver. In Chile, BBVA has participated in the share capital increases with subscription rights of Enersis and Quiñenco. In Colombia, the Group has acted as a broker in the share capital increase of Cementos Argos, while in Peru BBVA has been involved in the share capital increase of Graña and Montero.

Main Equity Capital Markets transactions in 2013