Home / Daily Briefs / 2022 / 18 / Mega sells sustainable bonds

Mega sells sustainable bonds

Mega sells sustainable bonds

May 18, 2022 | Rodrigo Alonso Cruz
Mexican lender raises $150 mln to fund small business loans and green projects

Bonds Debt Mexico ESG Sustainable Development Bonds Capital Markets Project & Infrastructure Finance

Mexican lender Grupo Mega issued MXN3 billion ($150 million) in five-year sustainable bonds in the local market on Tuesday, pricing the 2027 notes at the TIIE interbank lending rate plus 3.65%, it said in a securities filing. HSBC and JPMorgan coordinated the deal as part of a MXN10 billion program, according to Mega. The company plans to use the proceeds to finance loans to small businesses and agribusinesses, including women-owned companies, and also to fund green projects for water, renewable

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