Overview
- The Bono Verde 2025 was placed on the BMV for MXN 3,000 million, the city’s largest green bond to date, drawing bids above MXN 6,000 million.
- Proceeds are earmarked for Cablebús Lines 5 and 6, with MXN 2,000 million noted for Line 5 (Magdalena Contreras–Álvaro Obregón to Metro Mixcoac) and funding also directed to Line 6 (Milpa Alta–Tláhuac).
- The securities are unsecured Certificados Bursátiles Fiduciarios under Fideicomiso 187974, administered by Banamex with Santander as fideicomitente, backed by federal participations and a federal credit line for payment flows.
- The bonds carry a fixed 9.30% coupon with semiannual interest, mature in November 2035, and have no early amortization option.
- Fitch and HR assigned AAA local ratings, the framework was deemed fully aligned with Mexico’s Sustainable Taxonomy with an “excellent” second‑party opinion, and SHCP urged other states and municipalities to pursue similar green issuances.