Altum Capital completes second CKD issue

Altum Capital completes second CKD issue

Equity Capital Markets Loans Asset Management Mexico

Mexican asset management firm Altum Capital said Monday that it raised MXN703 million ($35.3 million) in its second sale of development equity certificates, knowns as CKDs, in the local market. The Mexico City-based firm will use the funds over the next two years to provide loans to small and medium-sized enterprises (SMEs) in Mexico for MXN75 million to MXN250 million each, it said in a press release. Altum Capital issued MXN1.81 billion in CKDs in August 2019, although it had aimed to raise as

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