IDB Guarantee Aims to Boost Mexico DCM

The Interamerican Development Bank (IDB) has agreed provide a $150m partial credit guarantee facility, to boost support and development of Mexico’s capital markets and improve access to finance for Mexican companies, it says. The multilateral will provide a guarantee for local and international debt issuances of Mexican entities arranged by Banamex. The facility will be available for 3 years, with an option to be extended for another 3 years. It is expected to provide partial credit guarantees for as many as 9 issuers.