The Ministry of Finance and Public Credit (SHCP) of Mexico has completed the third placement of ESG bonds (known as “BONDES G”), being issued under the Reference Framework of Sovereign Bonds linked to the UN Sustainable Development Goals (SDG). The SHCP seeks to create benchmarks for the issuance of thematic financial instruments by corporations, state companies and subnational governments, with the aim of mobilizing resources for projects that fight climate change and inequalities.

The placement, oversubscribed by 4.4 times, totalized the equivalent of about 520 million dollars in local currency. The placement presented tranches of one-, two- and three-year term with rate surcharges of 0.15%, 0.20% and 0.20% respectively. Almost 71% of the amount was placed in the one-year tranche.