Overview
- The state development bank completed the BMV placement for BANOB 25-4, BANOB 25X and BANOB 25-2X to finance priority infrastructure under Plan México.
- The deal drew participation from 37 institutional investors with aggregate demand at 1.3 times the amount placed.
- BANOB 25-4 is a variable‑rate, 3.4‑year MXN 700 million tranche at TIIE de Fondeo +23 bps; BANOB 25X is a 7.5‑year fixed MXN 7.1 billion tranche at 8.99%; BANOB 25-2X is a 12‑year fixed MXN 10.2 billion tranche at 9.52%.
- Two bonds were issued under Banobras’ Sustainable Bond Framework with a gender perspective aligned to Mexico’s Sustainable Taxonomy and guidance from ICMA, IFC and UN Women.
- Proceeds target social infrastructure, health, education, water, electrification, drainage, waste management, public transport and electromobility, public safety and public spaces, with monitoring of economic, environmental, social and gender outcomes.