We represented HSBC Securities (USA), JP Morgan Securities, Mizuho Securities USA and Santander Investment Securities, as initial purchasers, in connection with the offering by Grupo Bimbo of USD$600 million of its 4.000% Senior Notes due 2049, guaranteed by Bimbo, Barcel, and Bimbo Bakeries USA offering, under Rule 144A/RegS of the U.S. Securities Act.