*Mexico’s finance ministry (SHCP) has announced that the Mexican government has reopened sustainable bonds placed on the local market. The three bonds are linked to the United Nations Sustainable Development Goals (SDGs) and are worth a total of M$25bn (US$1.49bn). The placement consists of one bond worth M$3bn due to mature in two years, one worth M$14.87bn due to mature in three years, and one for M$7.13bn due to mature in six years. According to the SHCP, approximately 20 domestic and foreign investors from different sectors, such as insurance companies, banks and investment funds, participated in the auction for the bonds. Total demand was M$56.84bn, equivalent to 2.27 times the amount placed. The SHCP stated that “this allows us to move forward with the federal government’s commitment to continue expanding the investor base that participates in the auctions of sustainable instruments”. This comes after the government issued a new sustainable bond in January this year.
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LatinNews Daily - 14 May 2024
In brief: Mexico reopens sustainable bonds on local market
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