Nafin secures 9,658 million pesos to finance projects under the Mexico Plan
Nacional Financiera (Nafin) has successfully issued bonds worth 9,658 million pesos to finance productive projects related to the Mexico Plan.
Nacional Financiera (Nafin), a public financial institution in Mexico, successfully completed a bond issuance totaling 9,658 million pesos in the local market. This issuance, which carries a variable interest rate and a three-year maturity, aims to finance productive projects linked to the government's Mexico Plan. The operation received a 'AAA' credit rating, marking it as the first placement by a public financial institution aligned with this governmental strategy. The funds from this bond issuance are intended to enhance the productive capacity of Mexico, stimulate industrialization, develop value chains, and broaden access to financing for Mexican companies. The issuance was particularly notable as it was supplemented with a yield margin of 23 basis points and recorded demand equivalent to 1.6 times the target amount of 7,500 million pesos, demonstrating strong investor interest. As a strategic move, this financing is expected to play a crucial role in bolstering the Mexican economy by supporting key projects that align with national development goals. This successful issuance could serve as a stepping stone for future financing initiatives aimed at further promoting growth and sustainability within the country, especially in the face of ongoing economic challenges.