• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

SMEs paid an average rate of 26.84% to finance through the capital market in September

FinanceInternationalInfobae35 s readAI summary
Image: Infobae

According to VetaCap's SME Financing Index, in September the weighted average rate for SMEs that financed through the Argentine Securities Market was 26.84% nominal annual, 0.75 points higher than in August and the third consecutive monthly increase. Traded volume reached ARS 656 billion, 7% more than the previous month, and the average term extended to 74.3 days. The guaranteed segment accounted for 54.3% of volume, with a rate of 25.73%.

In 35 seconds

  • The weighted average rate was 26.84% TNA, up 0.75 points from August and the third consecutive monthly rise.
  • Traded volume reached ARS 656 billion, 7% more than in August, across 36,862 transactions.
  • The average maturity term rose to 74.3 days, 3.1 days more than the previous month.
Read the full story at Infobae

IASummary generated by artificial intelligence from a story by Infobae. It may contain errors: the original source prevails.

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