Nemak raises euros in second SLB sale

Nemak raises euros in second SLB sale

Corporate & Sovereign Strategy Bonds Debt Fixed Income Mexico ESG Sustainability-Linked Capital Markets

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

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