June 29, 2022 |
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
Mexican food company raises $149 mln in a two-part deal with rates tied to targets to reduce water consumption