Overview

• BID Invest placed a MXN 2,500 million social bond on August 28 on Mexico’s BIVA to channel funding to SMEs.
• The book reached MXN 4,650 million, or 1.9 times coverage, with Banco Santander and BBVA acting as placement agents.
• Moody’s rated the issuance AAA.mx and Fitch assigned AAA (mex), reflecting the highest local credit grades.
• It marks BID Invest’s fifth Mexican deal under its Sustainable Debt framework and its eleventh in the market since 2007, advancing peso financing to curb FX risk.
• Prior BID Invest social bonds in Mexico have benefited more than 360,000 MiPyMEs and supported about 13,000 formal jobs, with BIVA noting SMEs’ 37% share of formal employment despite being 4.9% of establishments.