Grupo Bimbo announces successful issuance of Sustainability-Linked Bonds in the local Mexican market

Grupo Bimbo, a leading multinational Mexican company in the food sector, has completed the placement of a sustainability-linked stock certificates (SLBs) in the Mexican market for a total of approximately 850 million dollars in its equivalent in local currency.

The issuance is divided into two series: a first series for an amount of 678 million dollars at 10-yearmaturity at a fixed annual interest rate of 9.24%, and a second series for 170 million dollars at 3-year maturity at an annual floating rate of TIIE 28 days + 0.10%. The banks BBVA, HSBC and Santander acted as joint bookrunners.

The bonds are linked to Sustainability Performance Targets aligned to the net zero-carbon emission strategy of Scope 3 (including all indirect emissions that occur in the value chain of a company), which accounts approximately for 90% of Grupo Bimbo’s carbon footprint. The transaction reaffirms Grupo Bimbo’s commitment to its sustainability objectives and its net-zero carbon emissions goal by 2050.