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Mexican Lender Prices IPO at Low End

Oct 18, 2012

Mexico's Credito Real has priced a MXP2.56bn ($200m) IPO at the bottom of the range, with the new shares trading down 3.1% in their first session. The offer from specialist in payroll, group microbusiness and durable goods loans was to be a test for small and mid-caps’ issuing prospects following the $4bn Santander Mexico...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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