Credicuotas, an Argentine fintech specialising in consumer lending and a member of the BIND Group, has completed its twelfth corporate bond issuance, raising US$33 million.

The placement comes during a period of strong growth in Argentina’s credit market, which recorded a 53 percent year-on-year increase in 2024, the largest in the past thirty years.

The bond received an A1(arg) rating from FIX Rating and was authorised by Argentina’s National Securities Commission, where Credicuotas is registered under the Public Offering Regime.

The transaction was led by BIND Financial Solutions and BIND Inversiones, with support from a syndicate of placement agents including BST Banco de Servicios y Transacciones, Banco Patagonia, Banco Comafi, Banco Hipotecario, Banco Santa Fe, Cocos, ACA Valores S.A., BACS Banco de Crédito y Securitización S.A., Provincia Bursátil, Schweber, Alycbur S.A., Latin Securities, Buenos Aires Valores S.A., and BIND Inversiones.

Legal counsel was provided by TCA Tanoira Cassagne.

“With the gradual stabilisation of macroeconomic conditions, the credit market experienced remarkable momentum in 2024, particularly for Non Financial Credit Providers like Credicuotas. In just four months, we issued two corporate bonds, with this latest placement representing a record milestone in our company’s history,”

said Ezequiel Weisstaub, Co Founder and Chief Executive Officer of Credicuotas.

“It is very gratifying to see the market reaffirming its trust in Credicuotas. The company achieved its funding goals, and demand was so high that it resulted in a rate compression on the shorter series. We are especially thankful to our investors. At BIND Financial Solutions, we take great pride in contributing to Credicuotas’ ongoing growth and success,”

added Rafael Medina, Financial Executive Manager at BIND Financial Solutions.

Featured image credit: edited from freepik