Grupo Bimbo SAB de CV (“Grupo Bimbo” or the “Firm”) broadcasts the profitable issuance on the Mexican market of sustainability-linked bonds (Certificados Bursátiles) for a complete quantity of approx. $850 millionwhich represents the most important Sustainability Linked Bond (SLB) within the historical past of the Mexican market, and the most important deal thus far of the 12 months.
The discharge included two sequence: the primary sequence approx. $680 million, maturities of 10 years and at a flat 9.24% annual charge; The second sequence approx. $170 millionwith a maturity of three years and an annual floating charge of 28 days TIIE +0.10%.
The corporate will primarily use the proceeds from this providing to repay money owed to banks, to additional improve its monetary resilience.
The bonds are tied to sustainability efficiency targets aligned with Scope 3’s web zero carbon technique, which accounts for practically 90% of Grupo Bimbo’s carbon footprint. The Firm obtained a Second Occasion Opinion (SPO), who rated the Sustainability Efficiency Aims for this launch as Substantial and Related, in response to market benchmarks.
“We capitalized on the Mexican market once more, this time with our first ESG-branded bond, rating fifth in Scope 3’s SLB globally and first in Latin America, in keeping with our formidable world technique for long-term sustainability,” mentioned Diego Gaciola, CFO. For Grupo Bimbo, this transaction strengthens our monetary place whereas reaffirming our sustainability commitments, particularly our pledge to develop into a carbon-neutral firm by 2050.
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