SG Corporate and Investment Banking has led its largest equity capital markets deal in Spain after winning the role of sole bookrunner on a €1.4bn ($1.8bn) sale of shares in Banco Bilbao Vizcaya Argentaria, the Spanish bank.

SG has led just six Spanish ECM deals in the past ten years, according to Dealogic, the investment banking research provider. The French bank's previous largest deal in Spain was an €848m exchangeable bond from La Caixa, the Catalan savings bank, with Goldman Sachs as joint bookrunner.