Mexico City Issues First LATAM Muni Green Bond: USD50M: Find out more at our Dec 13 Español and English: Green Bonds for Cities Webinars
Mexico City (CDMX) is the first Latin American city to issue a muni bond, closing a 1 billion Mexican Pesos (USD50m) of 5 years to fund climate-resilient infrastructure and mobility projects.
Climate Bonds has been working closely with local stakeholders and green bond issuers in Mexico for over a year now, and we hear this bond is part of a larger green program planned for 2017.
The bond was over-subscribed at 2.5 times.
The use of proceeds includes potable water, waste water, energy efficiency in public lighting and subway infrastructure.
The second opinion was provided by Sustainalytics (in Spanish).
This is the 4th green bond from Mexico, the 3rd issuance in 2016 alone and 2nd in local currency.
Our December Market Blog, due out next week, will carry more details and analysis.
More on Mexico
Check our latest blog post that includes a Mexico update.
Read our special June 2016 Mexico State of the Market Edition, available in English or Spanish and produced in partnership with MexicO2.
Latest Webinars - Green Bonds for Cities on Dec 13th
Dont forget to register for our Spanish/English Webinar:
Bonos Verdes para Ciudades – Financiamiento de infraestructura de ciudades en economías emergentes: español e inglés, Dic 13
Green Bonds for Cities -- Infrastructure finance for cities in emerging economies: In Español and English, Tuesday Dec 13th.
Hasta luego amigos,
Climate Bonds Communications Team
Disclaimer: The information contained in this communication does not constitute investment advice and the Climate Bonds Initiative is not an investment adviser. Links to external websites are for information purposes only. The Climate Bonds Initiative accepts no responsibility for content on external websites.
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