Homebuilder Vinte returned to BIVA with a fixed-rate placement to refinance its VINTE 17-2 notes and fund working capital.
Key terms
- Issuer: Vinte Viviendas Integrales
- Exchange: BIVA
- Date: August 26–27, 2026
- Amount: MXN 500 million (MXN 300 million base plus MXN 200 million over-allotment), as reported by Fortuna
- Instrument: VINTE 26, long-term notes of about 3.5 years, maturing in March 2030
- Rate: Fixed, referenced to the interpolated Mbono plus a spread
- Rating: HR AA
- Use of proceeds: Refinancing of VINTE 17-2 and working capital
- Placement agent: GBM
Our take
Mid-sized issuers can access the market with tickets well below MXN 1,000 million when they have a track record and a clear refinancing story. For developers, a fixed rate removes interest-rate risk during the construction and sales cycle.
Sources: Fortuna; El Cronista.
Congratulations to Vinte 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.
