FIRA includes social bonds in next debt deal

FIRA includes social bonds in next debt deal

Bonds Funds Mexico ESG Social Bonds Capital Markets Project & Infrastructure Finance

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. Raring ag

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