Mexico issued in international markets, the second sustainable bond linked to the Sustainable Development goals of the United Nations (UN) to end poverty, hunger and climate action.
The amount placed of the new sovereign bond was for a total of 1,250 million euros.
The undersecretary of the Ministry of Finance and Public Credit (SHCP), Gabriel Yorio González, reported on his Twitter account that the new bond has a longer maturity compared to the previous one.
It is a 15-year bond compared to the seven-year bond that was first placed in September 2020.
“Together with that of last year, the sustainable reference curve is consolidated,” said the agency official.
He mentioned that the new bond obtained a low historical interest rate in relation to other similar instruments of 2.25%.
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He considered that national corporations may use this curve to access financing from sustainable funds.
In September 2020, Mexico became the first country in the world to issue a sustainable sovereign bond linked to the Sustainable Development Goals (SDG) promoted by the UN, for an amount of 750 million euros.
In a statement, the SHCP reported that the new bond was acquired by 60 investors with a high vocation and commitment to sustainable economic development policies, although 154 international investors participated, demanding 2.6 times the amount placed.
He affirmed that the operation is within the limits of net indebtedness authorized by the Congress of the Union for the federal government for fiscal year 2021.
With this issuance, there is a total advance in the total financing program for this year of 39.3%.