May 20, 2022 |
Mexican food company Grupo Herdez plans to issue MXN3 billion ($151 million) in 4.5- and 10-year sustainability-linked bonds (SLBs) in the local market, it said in a securities filing.
The group expects to price the shorter-dated notes with a floating rate and the 2032 notes with a fixed rate, tying the coupon to goals to reduce water use by 17.2% to 2.16 cubic meters per ton by 2030. It has offered to pay a step-up rate of 10 basis points on the 4.5-year notes and 25 basis points on the 10-year
Mexican food company plans to raise $150 mln to pay off a bond and loans