New Guides will facilitate access to financing for Mexican SMEs through the securities market
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The British Embassy, Momentum Mexico and Basila Abogados launched two Guides with practical information to help SMEs aiming to participate in the listed securities market.
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These resources will help companies gain new insights into the requirements to issue debt or equity securities, including strategies to minimise costs and maximise profits.
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The Guides were developed with funding from the UK government’s MOBILIST programme, which seeks to mobilise capital for sustainable development through public capital markets.
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MEXICO CITY – January 31, 2025. Two new handbooks focusing on corporate debt issuance and the simplified issuance of securities will enable Mexican SMEs to take full advantage of recent changes in regulation and use listed securities to access the capital they need to grow.
On Thursday, 30 January, the British Embassy in Mexico launched the digital ‘Guide to Simplified Securities Issuance in Mexico’ for small and medium-sized enterprises (SMEs) as a resource for understanding and adopting the new “Simplified Regime for Issuers. The guide was developed by Momentum Mexico and Basila Abogados and funded by the British government’s Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) programme.
According to the National Institute of Statistics and Geography (INEGI), SMEs generate 52% of economic income and employ 27 million people in the country. However, they face challenges in accessing financing through public listed markets. The Guide will provide practical information, facilitating access to debt and equity markets for SMEs with no previous experience.
The Guide helps companies navigate the requirements to carry out a listed corporate debt or equity issuance; the specific steps to access the market, from the initial feasibility assessment including the issuance and trading of securities; strategies to minimise upfront costs and maximise the benefits of financing through the securities market; among other elements.
The new Handbook for the Simplified Issuance of Securities in Mexico compliments the MOBILIST-funded ‘Handbook on Corporate Debt Issuance the Mexican Market’, developed in 2024 under the same collaborative scheme with Momentum Mexico and Basila Abogados. It aims to highlight new opportunities that capital markets offer to the Mexican business sector.
The Handbooks form part of the first MOBILIST technical assistance project in Mexico. As the UK government’s flagship public markets programme, MOBILIST seeks to mobilise capital for sustainable development through public capital markets. The programme provides anchor capital to catalyse the initial public offering (IPO) of pioneering listed products and technical assistance to support companies throughout the listing process.
In this regard, Susannah Goshko, British Ambassador-designate, mentioned the relevance of the collaboration between the British government and Mexican institutions to foster the development of sustainable capital markets. Her Excellency also highlighted the guide’s specific focus on SMEs, which are a pillar of the Mexican economy and a key driver of the population’s well-being.
SMEs face challenges in accessing finance, and the reforms to the Securities Market Law and the Investment Funds Law, as well as the new Simplified Regime, will make the procedure more accessible.
Federico Casas, founding partner of Momentum Mexico, explained that the ‘Handbook on Corporate Debt Issuance in the Mexican Market’ and the ‘Handbook for the Simplified Issuance of Securities in Mexico’ complement each other to help SMEs identify the challenges and opportunities facing securities issuers today.
Mauricio Basila, founding partner of Basila Abogados, commented that the most important thing is the signal sent to the various market participants of the federal government’s willingness to decisively promote financing for medium-sized companies. He said that this will allow the development not only of simplified issuances but also of suitable vehicles for institutional investors to channel greater resources to a diversified portfolio of this type of companies.
The launch event brought together representatives of the Ministry of Finance and Public Credit (SHCP), the National Banking and Securities Commission (CNBV), the Bank of Mexico (Banxico), the Mexican Association of Securities Intermediaries (AMIB), the Institutional Stock Exchange (BIVA), and the Mexican Stock Exchange (BMV), which were also key players in developing and implementing this project.
Through collaboration between financial institutions in both countries, the UK government reaffirms its commitment to boosting investment and sustainable economic growth in the UK and Mexico.