July 8, 2021 |
Mexican auto parts company Nemak said Wednesday that it issued €500 million ($590 million) worth of sustainability-linked bonds (SLBs) in euros with a coupon of 2.25%.
"This transaction will support our foundation for long-term growth, enabling us to enhance our financial position while underscoring our commitment to contribute to our industry's efforts to address climate change," CEO Armando Tamez said in a press release.
Nemak opened the deal with initial price talk in the 2.5% area and set gu
Mexican auto parts company issues €500 mln in seven-year notes with pricing tied to lowering greenhouse gas emissions