Davis Polk advises BBVA Banco Francés on $400m share offering

Davis Polk advised BBVA Banco Francés on its $400 million SEC-registered follow-on offering of 75,781,788 ordinary shares of Banco Francés, including ordinary shares sold pursuant to exercise of the underwriters’ over-allotment option.


The global offering comprised a rights offering in Argentina and public offerings in the United States and Argentina. Banco Francés’ ordinary shares are listed on the Argentine Stock Exchange and the Madrid-based Latibex, and its ADSs are listed on the New York Stock Exchange.

Banco Francés is the third-largest Argentine private bank in terms of total deposits and the fourth-largest in terms of private loans.

The Davis Polk capital markets team included Madrid-based partner Michael J. Willisch.


Ben Cook