BANOBRAS SUCCESSFULLY PLACES 16 BILLION DEBT IN FONADIN STOCK CERTIFICATES
As part of its 2020-2023 Refinancing Program, the National Bank for Public Works and Services (Banobras), Trustee of the National Infrastructure Fund (Fonadin), successfully placed 16 billion pesos of debt in Trust Stock Certificates denominated in investment units (Udis) and endorsed by the Federal Government.
The resources obtained will be used to repay the debt, allowing it to be reduced and improving its profile.
The transaction had a demand of 1.6 times the amount placed and had the participation of Afores, insurers and government institutions.
