IDB Invest placed a 3-year social bond on the Mexican BIVA Stock Exchange, for an amount in Mexican pesos equivalent to 195 million dollars. It constitutes IDB Invest’s third social issuance in Mexico to date.
The funds raised will finance social projects aimed at improving the quality of life in Latin America and the Caribbean, promoting equity and socioeconomic empowerment, supporting the creation of jobs, and improving access to essential services, food security and supply. of basic infrastructure.
The transaction was oversubscribed in 1.2x the amount issued and received local ratings of AAA.mx by Moody’s and AAA (mex) by Fitch Ratings, respectively. BBVA and HSBC acted as placement agents in the operation.