Home / Daily Briefs / 2022 / 17 / Mega to sell sustainable bonds

Mega to sell sustainable bonds

Mega to sell sustainable bonds

March 17, 2022 | Rodrigo Alonso Cruz
Mexican lender plans to raise $145 mln in the local market to fund green and social projects

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Mexican lender Grupo Mega plans to issue up to MXN3 billion ($145 million) in five-year sustainable bonds in the local market next month, a source at the company told LatinFinance on Wednesday. Mega has hired HSBC and JPMorgan to lead the sale of the new 2027 bonds, which are expected to price at a floating rate, according to the source. The Zapopan-based financial services firm will use the proceeds "to finance clients' projects that promote the sustainable, green and social development of the

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