Aguakan issues local blue bonds

Aguakan issues local blue bonds

Bonds Funds Mexico Capital Markets ESG Green Bonds Sustainability Bonds Sustainable Development Bonds Project & Infrastructure Finance Green Finance

Mexican water utility company Desarrollos Hidráulicos de Cancún, known as Aguakan, sold MXN1.4 billion ($74.2 million) worth of blue bonds in the local market, said a source involved in the deal. The company priced the 3.5-year bonds at 375 basis points over the TIIE interbank lending rate with BBVA and Grupo Bursátil Mexicano (GBM) as bookrunners, the source said. Aguakan will use the proceeds to finance clean water and sanitation projects, BBVA said in a press release on Thursday. HR Ratings p

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