April 10, 2019 |
Mexico's Fondo Especial para Financiamientos Agropecuarios (FEFA) plans to issue MXN3.92bn ($207m) in bonds, divided between MXN2bn in three-year notes and MX1.92bn in five-year notes, according to a report from S&P Global.
The bond sales are part of FEFA's MXN135bn bond program, with the proceeds going to finance loans to agribusinesses in Mexico, S&P said.
S&P gave the upcoming notes a AAA on the local scale, calling FEFA the government's best tool to promote the agricultural secto
Mexico's government-backed agribusiness lender lines up $163m in three- and five-year notes