Home / Daily Briefs / 2022 / 18 / Viva Aerobus replaces short-term debt with SLBs

Viva Aerobus replaces short-term debt with SLBs

Viva Aerobus replaces short-term debt with SLBs

November 18, 2022 | Rodrigo Alonso Cruz
Mexican budget airline ties $51 mln in new five-year bonds to targets to cut emissions by 35%

Bonds Debt Funds Mexico ESG Green Bonds Sustainability-Linked Capital Markets Asset Management Project & Infrastructure Finance Energy Tourism

Mexican budget airline Viva Aerobus said it issued MXN1 billion ($51.5 million) in sustainability-linked bonds (SLBs) to pay off notes that mature in 2024. The Monterrey-based carrier priced the new five-year SLBs at the TIIE interbank lending rate plus 220 basis points with BBVA and HSBC as bookrunners, it said in a press release on Wednesday. It added that it tied the interest rate to targets to reduce carbon dioxide emissions by 35.4% by 2029, compared to 2015 levels. PCR Verum and HR Ratings

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