{"id":904,"date":"2026-04-11T02:57:26","date_gmt":"2026-04-11T02:57:26","guid":{"rendered":"https:\/\/www.europesays.com\/spain\/904\/"},"modified":"2026-04-11T02:57:26","modified_gmt":"2026-04-11T02:57:26","slug":"bbva-mexico-supports-nafin-in-the-issuance-of-mxn-9-658-billion-in-development-banking-bonds","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/spain\/904\/","title":{"rendered":"BBVA Mexico Supports Nafin in the Issuance of MXN 9.658 billion in Development Banking Bonds"},"content":{"rendered":"<p>The bonds, identified by the ticker \u201cNAFR 26\u201d, were placed in a traditional floating-rate format referenced to TIIE Fondeo plus 23 basis points, with principal payable at maturity and interest payments every 28 days. The issuance holds the highest <a href=\"https:\/\/en.wikipedia.org\/wiki\/Bond_credit_rating\" target=\"_blank\" rel=\"noopener nofollow\">credit rating<\/a> on the national scale, AAA(mex) from Fitch Ratings and HR AAA from HR Ratings. The transaction was 1.55 times oversubscribed, reflecting strong investor demand for Nafin\u2019s bonds.<\/p>\n<p>&#8220;the bank\u2019s participation in this transaction is aligned with its objective of fostering the country\u2019s development, acting as a strategic partner to second-tier development banking&#8221;<\/p>\n<p>According to \u00c1lvaro Vaqueiro Ussel, Head of <a href=\"https:\/\/www.bbva.com\/es\/economia-y-finanzas\/bbva-mexico-apoya-a-nafin-en-la-emision-de-certificados-bursatiles-de-banca-de-desarrollo-por-9658-mdp\/#:~:text=Banca%20Corporativa%20y%20de%20Inversi%C3%B3n\" target=\"_blank\" rel=\"noopener nofollow\">Corporate and Investment Banking<\/a> at BBVA Mexico, \u201cthe bank\u2019s participation in this transaction is aligned with its objective of fostering the country\u2019s development, acting as a strategic partner to second-tier development banking and playing a key role in promoting Mexico\u2019s economic growth through the funding of resources allocated to a range of productive sectors.\u201d<\/p>\n<p><a href=\"https:\/\/www.bbva.com\/es\/economia-y-finanzas\/bbva-mexico-apoya-a-nafin-en-la-emision-de-certificados-bursatiles-de-banca-de-desarrollo-por-9658-mdp\/#:~:text=a%20este%20sector-,Nafin,-ha%20mantenido%20su\" target=\"_blank\" rel=\"noopener nofollow\">Nafin<\/a> has maintained its position as the largest development bank in second-tier lending and guarantees. As of the end of September 2025, the institution reported a total loan and guarantee portfolio of MXN 364.575 billion. Of this amount, 78% corresponds to financing channelled through financial institutions, while the remaining 22% was granted directly.<\/p>\n","protected":false},"excerpt":{"rendered":"The bonds, identified by the ticker \u201cNAFR 26\u201d, were placed in a traditional floating-rate format referenced to TIIE&hellip;\n","protected":false},"author":2,"featured_media":905,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[148],"class_list":{"0":"post-904","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bbva","8":"tag-bbva"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=904"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/905"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}