BBVA Bancomer Sells $2 Billion of Bonds in Largest Issue

Grupo Financiero BBVA Bancomer SA, the Mexican unit of Spain’s second-largest bank, sold $2 billion of bonds, matching the country’s largest corporate bond offering.

The bank said in a statement that it sold $750 million of five-year notes to yield 237 basis points, or 2.37 percentage points, more than similar-maturity U.S. Treasuries, and $1.25 billion of 10-year bonds at a spread of 312 basis points.