IDEI sets up local SLB sale

IDEI sets up local SLB sale

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

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

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