Introduction to Firma Car and its Leasing Business
Firma Car, a Mexican company specializing in vehicle and transportation equipment leasing, has turned to the stock market for financing. This move aims to continue supporting the country’s productive sector, with a particular focus on Small and Medium-sized Enterprises (SMEs).
Details of the BIVA Financing
During a press conference regarding the issuance of fiduciary certificates worth 850 million pesos on the Bolsa Institucional de Valores (BIVA), Firma Car executives announced that demand exceeded 1.715 billion pesos, demonstrating strong interest from investors.
Firma Car’s Commitment to SMEs
Emilio Olavarri, a partner at Firma Car, emphasized that the funds will be allocated to bolstering SMEs and individual entrepreneurs seeking credit, especially those underserved by larger leasing companies.
“With the raised capital, we will support the productive sector in Mexico, focusing on SMEs and business-active individuals. Unfortunately, larger entities often overlook these sectors, limiting their growth due to insufficient credit access,” Olavarri added.
He further explained that over 85% of Firma Car’s portfolio consists of small and medium-sized businesses owning at least 2 or 3 vehicles.
BIVA’s Perspective on the Leasing Sector
María Ariza, Director of the Bolsa Institucional de Valores (BIVA), acknowledged the significance of the leasing sector in Mexico. She highlighted BIVA’s growth and success in financing various segments, including leasing.
“The leasing sector plays a crucial role in Mexico. We have experienced steady and accurate growth across all financing segments,” Ariza stated.
Key Questions and Answers
- What is Firma Car? Firma Car is a Mexican company specializing in vehicle and transportation equipment leasing.
- Why did Firma Car issue certificates on BIVA? Firma Car sought financing through the stock market to continue supporting Mexico’s productive sector, with a focus on SMEs.
- How much capital did Firma Car raise? Firma Car issued certificates worth 850 million pesos on BIVA, with demand exceeding 1.715 billion pesos.
- What will Firma Car do with the raised capital? The funds will be allocated to supporting SMEs and business-active individuals seeking credit, particularly those underserved by larger leasing companies.
- What percentage of Firma Car’s portfolio consists of SMEs? Over 85% of Firma Car’s portfolio is made up of small and medium-sized businesses owning at least 2 or 3 vehicles.
- What is the significance of the leasing sector in Mexico? The leasing sector plays a crucial role in supporting Mexico’s productive sector, with BIVA experiencing steady growth in financing various segments, including leasing.
