Largest Sovereign Social and Sustainability Bond in 2022
The issuance of sovereign sustainable financial instruments reflects Mexico’s pledge to reorient budget resources toward environmental, social, and governance projects, particularly those related to health, education, food security, and access to essential services, and to guarantee the continuity of these programs over the years. In 2022, Mexico issued two sustainable bonds to complete the first phase of sustainable debt markets development: one in dollars (USD $2.2 billion) and the other in Japanese yen with different tenors in the Samurai market (all of them accounted for ¥75.6 billion or the equivalent of USD$550 million). Both added to the Euro and MXN peso-denominated sustainable bonds (with an outstanding amount equivalent to USD $2.0 billion and around USD$2.4 billion, respectively), integrating them into the overall sustainable financing strategy and strengthening its position within different markets. To reflect Mexico’s commitment, the Ministry of Finance will continue the development of sustainable curves in the international market as well as the local one.
“Our objective is to continue issuing in sustainable markets. We want to mobilize resources to fight climate change and reduce poverty. The issuance of sovereign sustainable financial instruments reflects Mexico’s pledge to sustainability, the environment, and the well-being of our people.”