Grupo Vega issues new short-term instruments and totals 12 million soles this year
- ACRES Finance
- 28 nov 2024
- 2 Min. de lectura
During the month of November, the renowned Peruvian business group Grupo Vega carried out a new operation in the capital market, with a financing operation of 3.6 million soles, which together with the issue carried out in September for 8 million soles, make a total of 12 million soles issued in short-term instruments, under the advice of the financial group ACRES Finance .
The financing obtained by Grupo Vega consisted of the issuance of Securitized Short-Term Instruments (ICP) for a period of 360 days, which were placed through a private offering by ACRES Agente de Bolsa , who also acted as structuring agent.
Likewise, ACRES Titulizadora and the Rebaza, Alcázar & de las Casas law firm participated in the financing operation, as trustee and legal structurer, respectively.
"At ACRES Finance we are very pleased to accompany the Vega Group in this important milestone that represents its entry into the capital market, which is only the beginning of a long road of future financing with longer terms and amounts, and even public offerings ," said Héctor Saavedra , general manager of ACRES Agente de Bolsa .
About Vega Group
Since Michel Vega and Rosario Torrejón - co-founders of Grupo Vega - decided to open their first store, 27 years have passed during which they have written a success story that has led them to position themselves as one of the main players in the retail sector at a national level.
Behind the history of the Vega Group, there is a story of overcoming that has been possible thanks to the values and principles that Michel and Rosario have instilled in the entire Vega Family.
The Vega Group used the financing funds for working capital, such as the Christmas campaign, and to promote its own brand products such as Timonel, Vega, among others.
Currently, the Vega Group has 62 stores, in four different formats.
