Bancomext from Mexico issues sustainable bond

The National Bank for Foreign Trade (Bancomext) from Mexico made a placement of sustainable stock certificates (Cebures) for an amount in local currency equivalent to 490 million dollars. The operation was carried out in three tranches, the first two for terms of three and five years at a floating rate, and a third tranche for a term of 10 years at a fixed rate.

The proceeds will be used for sustainable projects that promote national and regional economic development, with special emphasis on those that contribute to boosting exports.

The operation had the joint support of Scotia Inverlat Casa de Bolsa, Banorte Casa de Bolsa and Santander Casa de Bolsa as placement intermediaries. The issuance obtained one of the highest credit ratings by Fitch Ratings and Moody’s for placements in local currency, achieving AAA(mex) and Aaa.mx respectively.