Grupo Herdez issues SLBs in local market

Grupo Herdez issues SLBs in local market

Credit Ratings Bonds Funds Loans Mexico ESG Green Bonds Green Finance Sustainability Bonds Sustainable Development Bonds Sustainability-Linked Asset Management Capital Markets Commerce

Mexican food company Grupo Herdez said it raised MXN3 billion ($149 million) in a two-part sale of sustainability-linked bonds (SLBs) in the local market, according to a securities filing. Grupo Herdez priced MXN1.5 billion in 4.5-year notes at 31 basis points over the TIIE interbank lending rate and MXN1.5 billion in 10-year notes at 75 basis points over Mbono government bonds, it said in the filing on Monday. The bond sale was 3.9 times oversubscribed with a "diversified investor base," it add

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