Mexico’s Banco Actinver issues bonds
Posted on Feb 16, 2023
Actinver, and through its subsidiaries, provides treasury and investment banking services for businesses or civil corporations in Mexico and internationally.
The securities, identified with stock symbol "BACTIN 22", accrued the interbank equilibrium interest rate (TIIE) for a term of up to 28 days plus 0.80%.
The placement was made for a term of five years and was rated "AA(mex)" by Fitch Ratings, and "AA/M" by Verum Calificadora de Valores, with a stable outlook.
In its rating report, Fitch Ratings stated that the proceeds from the public offering provide the bank with liquidity to place its loan portfolio and improve asset-liability matching.
Actinver was advised on the bond issuance by law firm Chávez Vargas Minutti Abogados as independent counsel, while Actinver Casa de Bolsa and Grupo Financiero Actinver acted as placement intermediaries.
Chávez Vargas Minutti Abogados’ team was led by partner Brian Minutti Aguirre, with associates Vicente Octavio Anaya Gómez, Samara Mosqueda Gutiérrez and José Luis Leobardo Arias López.