Mexican BANCO PLATA Successfully Prices Senior Unsecured Bonds Of USD 120 Million

• Banco Plata successfully placed a USD 120 million bond offering, attracting strong demand from international institutional investors, resulting in a 1.7x oversubscription.
• Plata is nearing its $1 billion investment commitment in the Mexican market in just over two years.

MEXICO CITY, July 1, 2025 /PRNewswire/ -- The Mexican company Plata, recently authorized as a bank (Banco Plata S.A. INSTITUCIÓN DE BANCA MÚLTIPLE), is pleased to announce the successful placement of USD 120 million senior unsecured bonds (ISIN: NO001359666) with maturity in July 2028. The issue date for the Bonds is expected to be July 16, 2025. The Bonds were placed following a comprehensive roadshow and received strong demand from a broad base of international institutional investors, resulting in a 1.7x oversubscription.

Net proceeds from the Bonds will be used to further support Plata's growth and partially refinance existing debt.

The Bonds will be listed on a regulated market within twelve months.

Pareto Securities AB, acted as Sole Bookrunner in connection with the transaction. Roschier Advokatbyrå AB, acted as legal advisor to the Sole Bookrunner. Skadden, Arps, Slate, Meagher & Flom LLP and Ritch, Mueller y Nicolau, S.C. acted as legal advisors to Banco Plata.

"We're proud to see strong global institutional demand—especially in a new market for Mexican financial institutions—underscoring international confidence in the prospects of both Mexico and Plata," stated Neri Tollardo, Co-founder and CEO of Banco Plata. "This pioneering unsecured issuance marks another milestone as we advance toward our promised $1 billion investment into Mexico by the end of 2025."

With the addition of these bonds, the company's investment in Mexico will increase to over $970 million.

About Plata:
Plata is a tech platform authorized with a banking license, founded in Mexico in 2023, with the goal of redefining the financial experience for Mexicans. Its mission is to simplify banking processes to make them more accessible and efficient. With a team of over 1,500 employees globally, Plata is positioned to make a significant impact on Mexico's financial system. Plata already has over one million active users of Plata Card, a credit card that can be easily managed from the app. Its technology uses artificial intelligence to offer customers a personalized rewards program, including up to 15% cashback in eligible categories.
www.platacard.mx

SOURCE Plata