FONACOT $111 million MSE stock issue

Overview:

• FONACOT (Instituto del Fondo Nacional para el Consumo de los Trabajadores), a financial institution of the Mexican government created for the purposes of acquiring goods and services by workers, issued equity securities worth $111 million on the Mexican Stock Exchange.
• Actinver Casa de Bolsa, Grupo Financiero Actinver, BBVA Bancomer and Grupo Financiero BBVA Bancomer acted as lead underwriters.
• Fitch and HR Ratings rated the securities AAA.

Rani Mehta - Journalist