trending Market Intelligence /marketintelligence/en/news-insights/trending/e0jwf13xzxcfbcv8puyaxa2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Mexico's Grupo Mifel readies 8.45B pesos public share offering

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Mexico's Grupo Mifel readies 8.45B pesos public share offering

Grupo Financiero Mifel SA de CV is looking to raise up to about 8.45 billion Mexican pesos in a public offering of shares set for Oct. 18 on the Mexican stock exchange, El Financiero reported, citing a statement from the company.

Grupo Financiero Mifel is the parent of Banca Mifel SA Institución de Banca Múltiple Grupo Financiero Mifel, which was reported to be considering an IPO in 2017.

The company plans to offer 167 million series O shares in a base offering at between 35 pesos and 40 pesos each, according to the report. It will simultaneously announce an international offering in various markets in order to expand its operations and boost profitability.

The base offering will include an overallotment option for 25 million series O shares, while shareholders may place an additional 33.4 million shares in the global offering, the publication reported.

Grupo Mifel, which currently has 72 branches across Mexico, has been considering going public since 2014, but reportedly postponed the plan due to adverse market conditions. It had a loan portfolio of around 45.23 billion pesos as of the second quarter of 2018.

As of Oct. 15, US$1 was equivalent to 18.81 Mexican pesos.