Pretmex debuts at Biva with debt

Pretmex, a company dedicated to offering financing to small and medium-sized companies for working capital, carried out its first securitization, through the Institutional Stock Exchange (Biva), for 150 million pesos that it will use to boost its growth and continue generating financing.

“With this securitization we are putting in a lot of gasoline to be able to grow even more rapidly. We expect a growth of over 50% for next year with the resources of the securitization, but also with the implementation of more technology to streamline the operation process ”, said Fernando Padilla, general director of Sofom.

In a conference on the occasion of #GritoBIVA, he explained that the type of companies that they support are small and medium-sized that bill more than 250 million pesos.

He underlined the role of Sofomes, since they are the main financial institutions that grant credit to SMEs in Mexico. In fact, 60% of local companies have their first credit through these figures.

In 2020 and this year, the financing of the traditional sector to SMEs was reduced, he said, in contrast the funding of Sofomes grew 20%, so he trusted that the dynamism will continue while companies recover from the effects of the coronavirus pandemic.

HR Ratings rated Pretmex’s issue with “HR A + (E)”, in investment rank. Atmosphere Strategy was the structuring company and the Punto and Bursamétrica brokerages were the underwriting intermediaries.

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Reference-www.eleconomista.com.mx

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