Shearman & Sterling represented Santander Investment Securities Inc., Goldman, Sachs & Co. and Morgan Stanley & Co. LLC as underwriters in connection with the SEC-registered offering by Grupo Financiero Santander México, S.A.B. de C.V. of US$500 million of its 8.500% perpetual subordinated non-preferred contingent convertible additional Tier 1 capital notes.

The Shearman & Sterling team principally included partner Stuart Fleischmann (New York-Capital Markets); counsel Grissel Mercado (New York-Capital Markets); associate Erica Kassman (New York-Capital Markets); and visiting attorney Adriana Ospina-Jiménez (New York-Capital Markets).