The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to 1.5 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.


Nacional Financiera Green Bond




The Nacional Financiera is the Mexican development bank.

Proceeds of the USD 500m bond are to be used to finance 9 wind farms located in Oaxaca, Nuevo Leon and Baja California.


Bank of America Merrill Lynch, Credit Agricole CIB, and Daiwa Capital Markets America were the joint lead managers for this issuance.



Issue Month

Size (in issuance currency)



Sector Criteria

Verifier's Report

Ongoing compliance reports More info

USD 500m 5 years Mexico Wind


Sustainalytics: pre-Issuance

Sustainalytics: post-issuance


Annual Report 2015

Annual Report 2016

Annual Report 2017

Climate Bonds blog

Nafin Website