MEXARREND UPDATES ITS LOCAL BOND ISSUANCE PROGRAM

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

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 25 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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