TIP Mexico , a company dedicated to fleet leasing and management, announced the placement of its fifth issue of Trust Securities (CBF) for a total amount of four billion pesos (mdp), which confirms the confidence of the markets towards the company.

“Reaching another placement of four billion pesos is an achievement that reflects the strength of TIP México and the market’s confidence in our financial performance. We will continue to promote solutions that strengthen the country’s business mobility with efficiency, competitiveness, innovation, and a long-term vision,” said Mauricio Medina, CEO of TIP México.

In a statement, the company indicated that the issuance was carried out under the revolving program authorized by the National Banking and Securities Commission ( CNBV) , structured by Casa de Bolsa Banorte  and placed by the banking institutions:  Banorte , BBVA and Santander .

Since its initial public offering in 2014, TIP México has established a solid track record. This fifth issuance was 4.4 times oversubscribed, demonstrating strong interest from institutional investors .

The certificates have the highest credit ratings: AAA (mex) from Fitch Ratings and AAA.mx (sf) from Moody’s Local MX , which supports the financial stability and low risk profile of the issuance . They also have a term of 5.5 years, maturing in April 2031.

TIP Mexico continues to position itself as the only company in the sector to achieve stock offerings of this magnitude. This financing will strengthen its ability to respond more effectively to market needs .

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CICE Group , a port and logistics services provider, received the “Port Financing of the Year” award for the financing of its Semi-Specialized Container and Project Cargo Terminal, located in the North Bay of the port of Veracruz.

The recognition, granted by LatinFinance , a specialized media outlet in banking, investment and infrastructure in Latin America, highlights that the financing operation for 210 million dollars (mdd) represents a precedent for the Mexican port sector, being the first banking transaction aimed at the construction, equipment and operation of a greenfield port terminal (developed from its initial stage in a new area of ​​the port area).

With this investment, Grupo CICE reaffirmed its commitment to the country’s economic and logistical development , consolidating the port of Veracruz as a strategic hub for Mexican foreign trade, while strengthening Mexico’s position on the global stage through comprehensive and sustainable solutions that drive connectivity and efficiency in supply chains .

“LatinFinance’s recognition of the Bahía Norte project reflects Grupo CICE’s strength, vision, and leadership in the transformation of the national port system and its role in strengthening the country’s foreign trade,” Grupo CICE emphasized in a statement.

According to the company, the financing was structured  without sovereign backing or the participation of multilateral organizations; that is, it did not have government guarantees or the support of international financial institutions .

“The financial scheme, led by  Banco del Bajío  as the agent bank and with the participation of  Banorte , Banco Nacional de Comercio Exterior (Bancomext) , Ve por Más (BX+) ,  Monex and Multiva , was aimed at strengthening the confidence of lenders through instruments such as trusts, corporate guarantees and the monetization of future flows. Additionally, FIRA contributed a long-term fixed-rate tranche, helping to mitigate risks and balance the project’s financial structure,” he explained.

The transaction combined revenue from Grupo CICE’s established activities with projected future cash flows from the new terminal, enabling a blended brownfield-greenfield financing structure that integrates operating assets with new investments under development.

“The financial structuring was handled by  Latam Capital Advisors  as the structuring agent, while  Santamarina y Steta  served as legal advisor to Grupo CICE, and  CMS Woodhouse Lorente Ludlow served as legal advisor to the participating credit institutions,” the firm explained.

It is worth remembering that the CICE Bahía Norte Terminal began operations in April 2025 and today it is consolidated as one of the most modern port infrastructures in the country, receiving the main shipping lines at a global level , serving container services under a regular import and export scheme, including multimodal yards, warehouses, cold storage rooms and a two thousand meter railway connection, designed to reach a dynamic capacity of up to 500 thousand 20-foot containers (TEU) per year.

(Main photo taken from https://home.grupocice.com/ ) .

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In May, industrial production in Mexico registered year-on-year growth of 1.0%, supported by a notable performance in construction, according to official data. This growth, although below the 1.4% predicted by Banorte , was in line with market consensus expectations, according to an analysis document from the financial institution.

In that sense, industrial production showed a monthly increase of 0.7% , the best result in 11 months, surpassing the 0.4% drop recorded in April.

The construction sector was the main driver of this growth, with an increase of 2.5%, driven by strong interest in industrial parks and buildings.

Mining also recorded 2.0% growth, despite persistent challenges in the sector. On the other hand, manufacturing remained unchanged, with 14 of its 21 subsectors showing increases.

Banorte predicts that industrial dynamism could moderate in the coming months due to greater challenges in the construction sector . However, manufacturing is expected to maintain a positive performance, supported by domestic demand and connections with US industry.

The report highlights that the construction sector will continue to benefit from public works and the construction of industrial and commercial spaces , with a growth expectation of 3% to 5% towards the end of 2024, according to the Mexican Chamber of the Construction Industry .

In the case of manufacturing , it is anticipated that some branches will continue to depend on the performance of related industries in the United States, with the potential to gain ground against Chinese competitors due to trade tensions.

The outlook for the second half of 2024 suggests a moderation in industrial growth, although with favorable prospects for several sectors, including automotive, which continues to benefit from robust global demand.

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