MEXICO CITY--(BUSINESS WIRE)-- Banco Compartamos, S.A., Institución de Banca Multiple (“Compartamos” or “the Bank”) (BMV: COMPARTO) informs that it has obtained Ps. 2,000 million through the public issuance of Local Bank Bonds (‘Certificados Bursátiles Bancarios’) (COMPART11) in the local debt capital markets for a tenor of 5 years at an interest rate of 28-day TIIE plus 85 basis points, in-line with Compartamos’ interest rate expectations. This issuance was oversubscribed by 1.78 times. The Local Bank Bonds were rated “mxAA” by Standard & Poor’s and “AA(mex)” by Fitch Ratings.

This transaction reinforces Banco Compartamos’ strong financial and liquidity position, reaffirms the Bank’s ability to access diversified funding sources to meet expected growth in the coming years, and evidences the Bank’s commitment to serves the greatest number of clients.

Compartamos Banco

Compartamos Banco, S.A., a Mexican bank specialized in microfinance, is the largest lender to microbusiness owners in Latin America. Established in 1990 and headquartered in Mexico City, Compartamos provides small loans to low-income Mexican individuals and business owners, such as craft manufacturers, food vendors and other small businesses. With nationwide coverage, Compartamos works with local and international lenders to secure financing to these market segments, which are currently underserved. Compartamos Banco shares began trading on the Mexican Stock Exchange on April 25, 2007 under the ticker symbol “COMPART”. For more information about Compartamos or the aforementioned issuance of Local Bank Bonds please visit www.compartamos.com.

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, company performance and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, 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.

CONTACT:

For more information, visit www.compartamos.com or:
Patricio Diez de Bonilla, Chief Financial Officer
Enrique Barrera, Investor Relations Officer
Beatriz Sánchez, Investor Relations
Compartamos Banco S.A.
T: +52 (55) 5276-7250
investor-relations@compartamos.com

KEYWORDS:   United States  Mexico  North America  Central America  New York

INDUSTRY KEYWORDS:   Professional Services  Banking  Finance

MEDIA:

Logo