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The State of Mexico issues its first sustainable bond
05/12/2022 Since 2 years

The government of the State of Mexico will place a sustainable bond for an amount in local currency equivalent to about 150 million dollars on the Mexican Stock Exchange (BMV). The issue is scheduled for 27 June, with a 15-year term. Holders will receive principal and interest in 180 consecutive monthly payments, with a nominal fixed interest rate and a reserve fund equivalent to three months of debt service.

The resources obtained will be used to finance clean transport programmes, support people in vulnerable situations, as well as actions that contribute to access to essential services. Among the projects it will seek to finance is the Naucalpan cable car, which runs on solar energy and will prevent the emissions of 17,000 tonnes of CO2 per year. It also plans to fund the Chalco-Santa Martha trolleybus route. In social matters, it will allocate resources for actions to prevent and care for women victims of violence, as well as teenage pregnancy.

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