FIRA Goes to the Mexican Stock Exchange for 5 Billion Pesos

FIRA, under the Bank of Mexico, will issue a 5 billion peso bond with a three-year maturity on the Mexican Stock Exchange.
FIRA's shift to stock market funding and focus on social bonds contribute to financial inclusion and support the agricultural sector's financing needs.

The bond will be a daily Interbank Equilibrium Interest Rate with a coupon to be paid every 28 days. Photo: Bigstock

05/09/2022

FIRA, the Trusts Instituted in Relation to Agriculture by the Bank of Mexico, will issue a 5 billion peso bond with a three-year maturity on the Mexican Stock Exchange. This marks the 10th anniversary of FIRA's bond offerings in the national stock market. The bond will be classified as a social bond, focusing on financial inclusion and providing funding to individuals without access to resources.

With liabilities of approximately 100 billion pesos, including 60 billion pesos from BMV issuances, FIRA has shifted its funding entirely to the stock markets and no longer relies on the central bank for resources. The CEO emphasized the market's liquidity for these bonds, attracting various investors such as investment funds and pension fund administrators (Afores) seeking liquidity and investment opportunities.

FIRA specializes in providing financing tailored to agricultural cycles, offering loans ranging from six months to five years. The trust plays a vital role in supporting the financial needs of the agricultural sector and contributes to the development of Mexico's agriculture industry.

Read the full article (in Spanish).

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