Nemak placed MXN 7,400 million on the BMV in a fixed-rate 7-year tranche and a floating-rate 4-year tranche, with demand of almost three times the amount offered.
Key terms
- Issuer: Nemak
- Exchange: BMV
- Date: August 6, 2026
- Amount: MXN 7,400 million, with demand of 2.83 times
- Tranches: NEMAK 26: MXN 3,050 million, fixed rate, 7 years. NEMAK 26-2: MXN 4,350 million, floating rate, 4 years
- Ratings: AA(mex) Fitch; HR AA+
- Use of proceeds: Refinancing of liabilities and alignment of its currency exposure through hedges
- Placement agents: BBVA, Santander and Scotia Inverlat
Our take
Exporters with dollar revenues are using peso debt plus hedges to manage currency risk and diversify investors. Strong demand for a AA industrial credit shows that the local market is not reserved for AAA names.
Sources: En Concreto.
Congratulations to Nemak 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.
