Arrendadora Actinver, a subsidiary of Corporación Actinver, placed MXN 1,000 million (USD 54 million) in long-term notes (certificados bursátiles) on the Bolsa Mexicana de Valores (BMV). It is the second long-term issue under its revolving dual program of up to MXN 8,000 million (USD 433 million). The ticker is ARREACT 26-2. The book closed on October 14 and settlement is on October 16, 2026.
The terms
- Amount: MXN 1,000 million (USD 54 million), 10 million securities at a face value of MXN 100. The notice does not report an over-allotment or demand. Net proceeds: MXN 986.9 million (USD 53 million).
- Tenor and rate: 728 days (about 2 years), maturing on October 13, 2028, at compounded TIIE de Fondeo plus 170 basis points. Interest every 28 days.
- Amortization: a single payment at maturity, with a voluntary early redemption option for the issuer.
- Security: unsecured, with no specific guarantee.
- Rating: AA-(mex) from Fitch México.
- Placement agent: Actinver Casa de Bolsa, part of the same group as the issuer. Common representative: Monex Casa de Bolsa.
According to Fitch, Arrendadora Actinver offers specialized, complementary products to Grupo Actinver clients. Fitch aligns the issue rating with the issuer’s and bases it on potential support from its shareholder, Corporación Actinver. The notes were placed through a bookbuilding process with discretionary allocation at a single rate. The notice does not detail the use of proceeds.
Why it matters
Leasing companies and non-bank lenders issue debt in the capital markets to lend to companies. The cost of those issues sets a floor for the credit they offer. Arrendadora Actinver paid 170 basis points over two years with an AA- rating. Earlier this month, Volkswagen Leasing paid 95 basis points over three years with a parent guarantee and an AAA rating. With different tenors, the gap mainly reflects rating and backing.
For a mid-sized company or a developer leasing equipment or machinery, the cost of those issues passes into the rent. More lessors with access to the debt capital markets widen the options, but the price depends on who backs the issuer.
What to review
- How much of your lease rate reflects the lessor’s cost of issuing debt and how much is its margin.
- Whether your contract lets you prepay or buy out the equipment without penalty, like the early redemption option the issuer kept.
- Whether to compare offers from lessors tied to financial groups with those from independent lenders and banks.
At Borax Capital we negotiate funding with banks, development banks and funds, and structure debt placements so companies reach the market with the documentation investors require.
US dollar amounts converted at Banco de México’s FIX rate of October 14, 2026 (MXN 18.4888 per USD). Source: placement notice for ARREACT 26-2, Bolsa Mexicana de Valores, October 14, 2026; Fitch Ratings, September 29, 2026. Information from public sources; the mention does not imply any commercial relationship. This content is for information only and is not investment advice or an offer of securities.
This content is for informational purposes only and does not constitute investment advice or an offer of securities.
