MEXARREND RENEWS LOCAL BOND ISSUANCE PROGRAM FOR UP TO $2 BILLION PESOS

mexarrend

Mexico City, May 12th, 2021 – Mexarrend, a leading financial company in the Mexican market, successfully renewed its short-term and long-term local bond issuance program (“Certificados Bursátiles”) on May 7th for up to $2 billion pesos in the Bolsa Institucional de Valores (“BIVA”) with a 5-year term under the ticker “MEXAMX”.

 

Vector Casa de Bolsa is the Issuing Agent and Grupo Financiero Monex the Common Representative.

 

The program was rated “F2 (mex)” by Fitch and “HR2” by HR Ratings.

 

This renewal supports Mexarrend’s growth strategy and affirms its strong positioning in the financial market.

 

Mexarrend’s CEO, Alejandro Monzó, commented: “The renewal of the Certificados Bursátiles program in Mexico positions Mexarrend favorably to meet the Company’s projected growth and continue financing Mexican entrepreneurs and SMEs. We have participated in this market for over 15 years and this renewal demonstrates the confidence that investors have in Mexarrend’s business model.”

 

Miranda Newswire – Full Press Release: Download PDF

 

Investor Relations Contact Details

Ramón Barreda 
Ricardo Danel 

Ana María Ybarra
ana.ybarra@miranda-ir.com

 
About Mexarrend
Mexarrend, S.A.P.I. de C.V., has grown to become one of the largest independent leasing (asset-based lender) companies in Mexico in the last 24 years. The Company specializes in offering financing solutions to rapidly growing and underserved small and medium-sized enterprises (“SMEs”) for the acquisition of productive assets and equipment to support growth. Mexarrend provides reliable and competitive funding sources through its four main products: capital leases, financing, operating leases and renting.

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