Overview
- The placement on the Mexican Stock Exchange is the city’s largest green issuance to date, drawing offers above 6,000 million pesos for a 3,000 million peso deal.
- The notes carry AAA local ratings from Fitch Ratings and HR Ratings and are unsecured CBFs issued via Trust 187974, with Banamex as administrator, Santander as structurer and placement agent, and Monex as common representative.
- Terms include a fixed 9.30% annual coupon paid every 182 days, a 10-year tenor, bullet repayment on November 23, 2035, and no early amortization option.
- Officials said the financing framework is fully aligned with the SHCP Sustainable Taxonomy and received an “excellent” second‑party opinion.
- Proceeds are earmarked entirely for Cablebús Lines 5 and 6 linking Mixcoac–Magdalena Contreras–Álvaro Obregón and Milpa Alta–Tláhuac, with project work expected to start in 2026.