Mexicans have a new option to protect their savings from inflation : Savings Protection Bonds with a maturity of seven years, also known as BPA182, the Ministry of Finance and Public Credit (SHCP) reported in a statement.
As of Monday, August 22, cetesdirecto users will be able to enter purchase instructions for these bonds that are issued by the Institute for the Protection of Bank Savings (IPAB), and are auctioned weekly.
The BPA182 have the backing of the Government of Mexico, which makes them safe investment instruments, according to the Ministry of Finance.
These instruments have the following characteristics:
- A term of up to seven years and pay interest every 182 days calculated on a face value of 100 pesos.
- Its interest rate is variable throughout its term of life and is determined each semester, as the maximum rate between the accumulated inflation in the period and the interest rate of the 182-day Cetes at the beginning of the period.
- This option allows access to yields greater than or equal to inflation throughout the life of the instrument, which generates investor protection and allows the purchasing value of their investment to be preserved in periods of high inflation.
- They are auctioned weekly, in accordance with the placement calendar published quarterly by the Ministry of Finance and Public Credit and the IPAB.
Until today, investors could only acquire BPA182 through stock brokers that have access to the stock markets under some restrictions of minimum investment amounts and paying certain commissions for said services.
Este julio fue el mes en el que @cetesdirecto tuvo el mayor número inversionistas nuevos desde su creación, más de 33,500.
Para seguir incentivando la inversión, esta plataforma ofrecerá un nuevo producto que protege los ahorros contra la inflación, el #BPA182 del @IPAB_mx. pic.twitter.com/bQFcKpqccP
— Gabriel Yorio (@GabrielYorio) August 22, 2022
The Treasury referred that with this action, the investment alternatives available on the cetesdirecto platform are once again expanded, which includes different types of instruments that have the support of the Government of Mexico, such as:
- Certificates of the Treasury of the Federation (Cetes);
- Fixed Rate Development Bonds (Bonos M);
- Floating Rate Development Bonds (Bondes F);
- Fixed-rate Development Bonds denominated in Investment Units (Udibonos), and
- Savings Protection Bonds (BPAG28, BPAG91 and, from now on, BPA182).
