Grupo Bolsa Mexicana de Valores Reduces Costs for Foreign Securities on SIC
Grupo Bolsa Mexicana de Valores, the Mexican Securities Exchange Group, has received authorization to decrease operational costs for foreign securities listed on the International Securities Cotations System (SIC) by eliminating fees for transactions under $5,000.
This move aims to accelerate the growth of the securities market, encouraging a broader range of investors to participate, particularly those new to the stock market.
Indeval will exempt its depositors from the transfer of foreign values charges for transactions equal to or less than $5,000 in the amount operated for settlement of stocks or ETFs on the SIC. This change aims to make international market access easier for anyone interested in investing.
Sigma Alimentos Obtains Patents and Registrations from IMPI
Sigma Alimentos, a subsidiary of Alfa and a producer of packaged meats, dairy products, and other foods, announced it has obtained patents and corresponding registrations for several industrial design models from the Mexican Institute of Industrial Property (IMPI).
These titles grant Sigma exclusive commercial exploitation rights for various packaging designs and refer to the formulation of its manufactured products. This development is part of Sigma’s ongoing efforts in Innovation, Research & Development (I&D), supported by a global team of at least 260 specialists, two technology centers in Mexico and Spain, six pilot plants, and 12 regional research centers.
Cementos Mexicanos Issues $1 Billion Perpetual Bond
Cementos Mexicanos, a leading cement producer in Mexico, announced the issuance of a $1 billion perpetual bond to refinance debt and for general corporate purposes, marking another step in its financial strategy following the regaining of its investment-grade rating in 2024.
The bond carries an initial annual interest rate of 7.2%, payable semi-annually. Starting September 2030, the rate will adjust every five years based on the performance of U.S. Treasury bonds with a five-year maturity, plus an incremental margin.
This bond issuance comes nearly a year after S&P and Fitch Ratings upgraded Cemax’s credit rating to BBB-, restoring its investment-grade status.
Colliers Completes Acquisition of Cambium through Englobe
Colliers announced that its Canadian engineering platform, Englobe, has finalized an agreement to acquire Cambium, a multiservice engineering consultancy based in Ontario.
Cambium’s executive team will become Englobe shareholders under Colliers’ partnership model, following the previous announcement of Triovest’s acquisition completion.
Key Questions and Answers
- What is Grupo Bolsa Mexicana de Valores doing? Grupo Bolsa Mexicana de Valores is reducing costs for foreign securities listed on the SIC by eliminating fees for transactions under $5,000 to encourage more investors to participate in the stock market.
- Why is Sigma Alimentos obtaining patents and registrations significant? These patents and registrations grant Sigma exclusive rights to various packaging designs and product formulations, demonstrating their commitment to innovation and research & development.
- What is the purpose of Cementos Mexicanos’ $1 billion perpetual bond issuance? Cementos Mexicanos issued the bond to refinance debt and for general corporate purposes, continuing its financial strategy after regaining its investment-grade rating.
- What does Colliers’ acquisition of Cambium through Englobe mean? Colliers’ Canadian engineering platform, Englobe, has acquired Cambium, a multiservice engineering consultancy in Ontario. Cambium’s executive team will become Englobe shareholders under Colliers’ partnership model.
