Bancomext bags MIGA-backed loan

Bancomext bags MIGA-backed loan

Loans Debt Economy & Policy Structured Finance Coronavirus Mexico US Europe

Mexico's state-owned export credit agency Bancomext received a $600 million loan from three lenders late last month, borrowing money to fund an emergency liquidity program during the COVID-19 pandemic, according to the legal adviser to the lenders on the deal. Bancomext will use the loan from Santander, Citi and Commerzbank to provide working capital to export companies in Mexico, including businesses in the tourism, manufacturing, automobile and aeronautic industries, Norton Rose Fulbright said

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