May 10, 2022 |
Mexican state-run agribusiness lender FIRA plans to sell MXN4 billion ($196 million) worth of social bonds as part of its next debt deal in the local market, CFO Alberto Lara said Monday.
"It will be a bond with a social label. It is a financial inclusion bond that will be innovative in the market," Lara said.
The bonds will mature in 1.5 and three years and carry a spread based on the TIIE interbank lending rate. They are expected to price on the BMV exchange in Mexico City on May 18.
Mexican state-run agribusiness lender expects to issue a "financial inclusion bond" for $196 mln next week, CFO says