Mexico state issues first social bonds

Mexico state issues first social bonds

Credit Ratings Economy & Policy Bonds Debt Funds Mexico Capital Markets ESG Green Finance Social Bonds Sustainability Bonds Project & Infrastructure Finance Energy Structured Finance

The state of Mexico raised MXN2.89 billion ($143 million) in its first sale of sustainable bonds in the local market, which included an "innovative" blockchain component, Rodrigo Jarque, finance secretary for the state, told LatinFinance on Tuesday. "We had very high demand. We must remember that right now the market has been declining, but, despite that, we had demand that was 1.25 times oversubscribed," Jarque said, adding that total orders reached MXN3.7 billion. "So that's a very good sign,"

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