27 September 2024 Experiencia y Trayectoria
On August 25, Molymet announced the successful placement of long-term bonds in the Mexican stock market for a total of 2 billion Mexican pesos (approximately US$108 million). The bonds, which mature in July 2028, were oversubscribed by 2.5 times the amount offered, reflecting investor interest in the Mexican debt market.
During the bellwether event at the Mexican Stock Exchange (BMV), Jorge Alegria Formoso, CEO of Grupo Bolsa Mexicana de Valores, highlighted the importance of this placement. “We are very pleased to welcome Molymet to the Mexican Stock Exchange. Its active and continuous participation in the Mexican market demonstrates confidence in the liquidity and depth of the Mexican financial market, and we are honored to be the financial ally that facilitates its growth and expansion plans”.
It is worth noting that in 2009 Molymet became the first Chilean company to issue bonds in the Mexican financial market, opening the door for other large Chilean companies to follow suit and use this market as a source of financing.
Over 15 years, Molymet has made a total of 11 issues, accumulating more than US$1.3 billion, and with this new issue it reinforces its position as the second foreign issuer with the largest amount of debt issued in the Mexican market.
Edgar Pape Arellano, CEO of Molymet, expressed his satisfaction for the successful placement and thanked the support of the participants in the event. “Today we celebrate our eleventh bond placement in Mexico, which reaffirms our confidence in this financial market. This transaction is a testament to the strength and track record of our company, as well as our commitment to the development of the communities in which we operate, especially in Mexico, where Molymet has found a home and an engine for growth”.
