Mexico City, August 19th, 2021 – Mexarrend, a leading financial company in the Mexican market, received approval from the Comisión Nacional Bancaria y de Valores (“CNBV”) on August 13th, 2021 to update its short-term and long-term local bond issuance program (“Certificados Bursátiles”) of up to $2 billion pesos.
The update allows short-term issuances to be for up to $1.5 billion pesos of the program, while the remainder will be for long-term issuances.
The program was renewed on May 7th, on the Bolsa Institucional de Valores (“BIVA”), and obtained a rating of “F2 (mex)” by Fitch and “HR2” by HR Ratings.
Alejandro Monzó, Mexarrend’s CEO, commented: “This decision was made based on the strong demand that Mexarrend has had for its short-term issuances, and also to facilitate a more efficient use of the program, reflecting Mexarrend’s excellent reputation in the financial markets.”
Miranda Newswire – Full Press Release: Download PDF
Investor Relations Contact Details
ana.ybarra@miranda-ir.com