Mexican finance leaders plan stock exchange reform to stanch exodus

📆 13/02/44 08:31 ص
📰 Reuters

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Mexico's government and financial institutions will propose a bill this month to change current rules, aiming to attract companies to the country's stock exchange by making it easier to access debt and equities markets, the head of the country's stock market association told Reuters.

The executive president of the Mexican Association of Stock Market Institutions , Alvaro Garcia Pimentel, told Reuters the institution is working to propose a bill that would allow smaller companies to list debts and equities more quickly and at lower cost."We built this project so smaller companies could issue debt and receive the same fiscal treatment as public offers for debts and equities," he said, saying rates would be more competitive and financing longer-term.

Garcia told Reuters the groups would likely create another proposal, this time focusing on hedge funds.

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