LatinNews Daily - 19 January 2024

In brief: Mexico issues new sustainability bond

*Mexico’s finance ministry (SHCP) has announced the Mexican government has issued a new bond linked to the United Nations Sustainable Development Goals (SDGs). The bond is worth €2bn (US$2.18bn) with a coupon rate of 4.49% and is due to mature in 2032. The SHCP noted that demand for the bond reached €6.3bn, over three times the amount issued. According to the SHCP, this placement marks the first sustainability bond issued by Mexico in almost three years, with the last such bond issued in July 2021. The SHCP states that the placement of the bond indicates Mexico’s “leadership and commitment to sustainable finance” and positions the country as “a sustainable issuer of reference among emerging economies”. Mexico has issued ten SDG-linked bonds worth approximately US$10bn in the main international markets: three in euros, two in US dollars, and five in yen.

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