FIRA, through its FONDO trust, placed MXN 4,500 million on the BMV in three tranches, one of them labeled social, to finance credit and guarantees for agricultural producers.
Key terms
- Issuer: Fondo de Garantía y Fomento para la Agricultura, Ganadería y Avicultura (FONDO), part of FIRA
- Exchange: BMV
- Date: August 21, 2026
- Amount: MXN 4,500 million
- Tranches: FONDO 26: MXN 1,337.5 million, 1.5 years. FONDO 26-2: MXN 2,234.25 million, 5.5 years. FONDO 26S: MXN 928.25 million, 4.5 years
- Ratings: HR AAA; AAA(mex) Fitch; AAA/M Verum
- Label: FONDO 26S: social
- Use of proceeds: Credit and guarantees for the agricultural and rural sector
- Placement agents: Santander (lead) and Valmex
Our take
Development banks are among the most active issuers of the year. Their second-tier lines and guarantees can also lower the cost of financing for productive real estate, such as agro-industrial parks, cold storage and warehouses.
Sources: El Cronista.
Congratulations to FIRA 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.
