MEXICO CITY--(BUSINESS WIRE)--Compartamos, S.A.B. de C.V., (“the Holding” or “ Grupo Compartamos”) (BMV: COMPARC*) informs that Banco Compartamos S.A. I.B.M., the main subsidiary of Grupo Compartamos, obtained Ps. 1,500 million through the public issuance of Local Bank Bonds (‘Certificados Bursátiles Bancarios’) (COMPART10) in the local debt capital markets for a tenor of approximately 2.8 years (December 21, 2012 to October 8, 2015) at an interest rate of 28-day TIIE plus 57 basis points, in-line with Compartamos’ interest rate expectations.
The Local Bank Bonds were rated “mxAAA” by Standard & Poor’s and “AA(mex)” by Fitch Ratings.
This transaction once again reinforces Banco Compartamos’ solid financial and liquidity position, reaffirms the Bank’s ability to access diversified funding sources to meet expected growth in 2013, and is evidence of the Bank’s commitment to serve the highest number of clients, generating social, economic and human value.
Compartamos is a holding company whose primary objective is to promote, organize and manage companies, domestic and international, that are subject to its investment policies. Compartamos was established in 2010 and headquartered in Mexico, and its shares began trading on the Mexican Stock Exchange on December 24, 2010, under the ticker symbol “COMPARC*”.
Note on Forward-Looking Statements
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, Bank performance and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the Bank, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
For additional information visit: www.compartamos.com.