Pretmex, the new company that will arrive at Biva with its first securitization

Pretmex, a multi-purpose finance company (Sofom) Mexican company dedicated to offering loans for working capital, leasing, factoring and loans for workers to small and medium-sized companies (SMEs), prepares its debut on the Institutional Stock Exchange (Biva) with its first securitization.

The financial firm plans to launch its offer on November 25 with which it expects to raise up to 150 million pesos, which corresponds to a broader program, authorized for 2,000 million pesos, the placement notice shows.

The issue will have a maturity term of four and a half years and was rated with an “A +” rating on a national scale by the rating firm HR Ratings, due to the fact that it has “acceptable security for the timely payment of debt obligations. and maintains low credit risk in adverse economic scenarios ”.

The issue will be backed by collection rights from a portfolio made up of credit and lease contracts granted mainly to SMEs, mainly in the service and manufacturing sectors, ”HR Rating indicated.

“Both the loan portfolio and the lease contracts, he added, are granted at a fixed rate, with terms between 12 and 72 months and have an unpaid balance in nominal value for the rental income credits of 100.6 million pesos, with 53.2% in lease contracts and 46.8% in loan portfolio ”.

The company highlights in its placement prospect that Mexico maintains very low levels of financing for the private sector, compared to other countries, with a penetration of only 35.6%; in Peru, for example, it is 36.3%, in Colombia 47.5% and in Brazil 59.7%. Much of the funding in the country comes from suppliers and commercial banks.

And even though SMEs represent 5% of the Gross Domestic Product (START) and generate 70% of the country’s formal jobs, a large percentage still do not have access to some type of financing for their growth.

Pretmex It has a presence in 22 entities of the Republic, operates mainly in Mexico City and in the State of Mexico. Since its founding in 2007, it has placed more than 1,000 million in loans through its different products, such as factoring, leasing, among others.

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