Consubanco went to BIVA with a 3-year bank note to refinance its CSBANCO 23 series and fund new payroll loans.
Key terms
- Issuer: Consubanco
- Exchange: BIVA
- Date: June 10, 2026
- Amount offered: Up to MXN 1,000 million, expandable to MXN 1,300 million with over-allotment (final amount not confirmed in the sources consulted)
- Instrument: CSBANCO 26, bank notes, 1,093 days, maturing June 7, 2029
- Rate: TIIE de Fondeo plus a spread
- Ratings: A(mex) Fitch; HR A
- Use of proceeds: Repayment of CSBANCO 23 and origination of payroll loans
- Placement agent: Punto Casa de Bolsa
Our take
Single-A issuers can access the market when they combine a refinancing need with a granular, predictable loan book such as payroll lending. Rolling maturities ahead of time is good liability management.
Sources: BIVA, aviso de oferta pública.
Congratulations to Consubanco and to everyone who made this placement possible.
Information from public sources. The mention does not imply Borax Capital’s participation in the transaction.
This content is for informational purposes only and does not constitute investment advice or an offer of securities.
