The Lima Stock Exchange (BVL) reached a financing offer of S/ 2,689.9 million during the year 2022, achieving 27.8% more than in 2021 and 53.9% more than in 2020.
The BVL also announced that the destination of this financing was directed mainly to the granting of credits, working capital, and to a lesser extent, to the substitution of financial liabilities.
“Highlight the vision and decision of these companies to continue diversifying their financing in the BVL, which also consolidates their position in the market by maintaining high qualification standards. And although we have grown, we are still at -28.1% in relation to the average of the last 5 years, which is why we continue working with medium-sized companies to continue promoting this financing alternative”, commented Mariella Córdova, commercial manager of the Bolsa de Lima values.
There were 22 companies that chose to finance themselves in the Stock Market, through the BVL; Thus, 53 placements of Debt Instruments by Public Offering (OPP) were completed, through Short-Term Instruments and Corporate Bonds.
The main issuing sector was Financial which represented 82.1% of the issues, followed by real estate with a single placement of Centenario Renta Inmobiliaria for S/ 159.0 million (5.9% of the total). Mibanco, Banco de la Microempresa was the largest issuer of debt during the year with 14.2% of the total, followed by COFIDE with 12.9%.
A FINANCING OPPORTUNITY
The Superintendence of the Securities Market highlighted that the stock market is a competitive alternative to other sources of business financing for companies from various economic sectors, taking advantage of the facilities granted by regulation for the registration of securities.
To access financing in the BVL, new companies must consider prior provisions, such as having audited financial statements, carrying out a risk classification, passing the “Due Diligence” for a legal, accounting and financial review of the company. Finally, they must contact a structurer and underwriter to organize the financing of the company and offer its value.
