Banobras drafts sustainable bond sale

Banobras drafts sustainable bond sale

Bonds Funds Mexico ESG Green Bonds Green Finance Social Bonds Sustainability Bonds Capital Markets Project & Infrastructure Finance

Mexican development bank Banobras could raise MXN5 billion ($250 million) in a three-part debt deal in the local market that includes sustainable bonds, according to Fitch Ratings. The state-run lender is expected to price new 2.3-years notes and 2026 notes at a spread based on the TIIE interbank lending rate and 2029 notes with a fixed rate, Fitch said in a report on Friday. The 2026 and 2029 bonds will be classified as sustainable bonds with the proceeds earmarked for infrastructure financing

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