Background on Compartamos Banco and Gentera
Compartamos Banco, a Mexican subsidiary of Gentera, specializes in microfinance and has recently achieved a significant milestone by successfully issuing 5,000 million pesos through two public emissions of bank certificates in the local debt market. This operation marks the largest issuance in Compartamos Banco’s history.
Details of the Debt Issuance
Gentera announced that Compartamos Banco conducted the emissions under two keys: COMPART 25-3S for a 3.5-year term at a TIIE Fondeo + 84 basis points rate, and COMPART 25-4S for a 7-year term with a fixed rate of 9.58%. Both emissions were carried out under the framework of Social Bonds.
- First emission: 3,000 million pesos under COMPART 25-3S
- Second emission: 2,000 million pesos under COMPART 25-4S
The combined demand for these emissions reached approximately 11,765 million pesos.
Strong Investor Demand
Gentera highlighted that the operation received exceptional demand from institutional investors, reflecting market confidence in Compartamos Banco’s financial solidity, growth strategy, and long-term value generation commitment.
Both emissions received AA.mx ratings from Moody’s and AA (mex) from Fitch Ratings.
Impact on Compartamos Banco
Compartamos Banco, the institution specializing in microfinance, explained that these actions strengthen its debt maturity profile while supporting the responsible growth of its credit portfolio.
The social-label emissions reaffirm Banco Compartamos’ commitment to financial inclusion and the economic development of the communities it serves, according to the bank.
Key Questions and Answers
- What is Compartamos Banco? Compartamos Banco is a Mexican subsidiary of Gentera specializing in microfinance.
- What is the significance of this debt issuance? This issuance is the largest in Compartamos Banco’s history, raising 5,000 million pesos through two public emissions of bank certificates.
- What are the terms of the emissions? The first emission (3,000 million pesos) has a 3.5-year term at a TIIE Fondeo + 84 basis points rate, while the second emission (2,000 million pesos) has a 7-year term with a fixed rate of 9.58%. Both are under the framework of Social Bonds.
- Why is this important for Compartamos Banco? This issuance strengthens Compartamos Banco’s debt maturity profile and supports the responsible growth of its credit portfolio, reinforcing its commitment to financial inclusion and community economic development.
