Nacional Financiera issues 9.75 billion pesos to fund Mipymes

Nacional Financiera (Nafin) has issued 9.75 billion pesos in stock certificates to expand financing for micro, small, and medium-sized enterprises (Mipymes) and strategic sectors under the Plan México initiative.

The issuance, which has a term of 3.3 years, attracted significant investor interest, with orders reaching 10.137 billion pesos, approximately 1.35 times the original target. The certificates received top credit ratings, including AAA from Fitch Ratings and HR AAA from HR Ratings.

Nafin intends to channel these resources through direct financing, guarantees, and second-tier credit. This move follows a period of double-digit growth in the institution's credit portfolio, which reached 279,969 million pesos by the end of the first half of the year.