October 28, 2022 |
Mexican real estate developer Internacional de Inversiones (IDEI) plans to sell up to MXN1 billion ($50.4 million) worth of five-year sustainability-linked bonds (SLBs) in the local market, it said in a securities filing.
IDEI said it expects to issue the 2027 bonds in the fourth quarter this year as part of a MXN2.5 billion program. The company plans to use the proceeds to fund or refinance green construction projects, it added.
IDEI has offered to pay a step-up rate of 25 basis points if it do
Mexican real estate developer plans to issue $50 mln in five-year bonds with backing from IFC