Nacional Financiera (NAFIN), a Development Banking institution of the Federal Government of Mexico, whose purpose is to promote the development of the securities market and support the country’s social sector, becomes the first issuer in the Mexican debt market to place a Social Bond denominated in Mexican pesos.

The placement of the NAFIN Social Bond totalized an amount equivalent to 196 million dollars in local currency, being over-demanded by 3.3 times. The instrument, aligned with the ICMA Social Bond Principles, obtained a AAA rating from the main rating agencies and a favorable second opinion from Sustainalytics.

The resources obtained will be used to finance programs whose social goals are linked to the following pillars:
• Improved access to education services, professional training, financing and financial services for low-income and marginalized populations, including young entrepreneurs and students
• Employment generation through microfinance and financing aimed at micro, small and medium enterprises (MSMEs)
• Socioeconomic development and empowerment of women through credit granting.
• Improvement of cost savings in the economy of families, through the effective use of resources for low-income households, financing the installation of high-efficiency products and technologies
• Support for the economic recovery of individuals MSMEs affected by natural disasters.