Financiera Independencia S.A.B. de C.V 10.0% 01-MAR-2028Financiera Independencia S.A.B. de C.V 10.0% 01-MAR-2028Financiera Independencia S.A.B. de C.V 10.0% 01-MAR-2028

Financiera Independencia S.A.B. de C.V 10.0% 01-MAR-2028

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Overview
Analysis

FIII5550608 analysis



Key facts


Issue date
Mar 1, 2023
Maturity date
Mar 1, 2028
Outstanding amount
‪73.99 M‬USD
Face value
1,000.00USD
Minimum denomination
1,000.00USD
Coupon
10.00% (Variable)
Yield to maturity
10.21%
Financiera Independencia SAB de CV engages in microfinance lending of personal loans to individuals and working capital loans through group lending microfinance. Its products include CrediInmediato, a revolving credit line available to individuals earning at least the minimum wage; CrediPopular, a credit focused on the informal sector of the Mexican economy; CrediMamá, a credit intended for mother with at least one child under the age of 18; CrediConstruye, a credit available to individuals earning at least the monthly minimum wage; and MásNómina, a credit which is discounted via the payroll and is intended for the employees of public or private institutions affiliated with the company. The company was founded by José Luis Rión Santisteban on July 22, 1993 and is headquartered in Mexico City, Mexico.
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