Mexico prepares ESG bonds issuance in the local market

The Mexican government plans to sell up to the equivalent of 147 million dollars in local currency, in environmental, social and corporate governance (ESG) bonds in the local market. The maturity will be 15 years, with a fixed rate and the proceeds will be used to finance investments in highways, public works, healthcare and transportation.

The government designed the BondESG program as a benchmark for corporate issuers to sell ESG bonds in Mexican pesos and access more affordable financing for sustainable development projects.