The Ministry of Finance and Public Credit (SHCP) carried out the second issuance of sustainable bonds , known as the Federal Government Development Bond aligned to Environmental , Social and Corporate Governance (ASG) criteria, BONDES G .
This placement was made for a total of 15,000 million pesos (mdp): 10,230 mdp in terms of three years, and six years for an amount of 4,770 mdp. Total demand was 66,490 million pesos , equivalent to 4.43 times the amount placed; for the term of three years it was 5.01 times the amount placed and for the term of 6 years it was 3.2 times, the agency reported in a statement.
This operation complements the federal government’s primary placement program that takes place week after week through the Bank of Mexico . The issuance is planned within the financing program for 2022 and is within the limits of net indebtedness authorized by the Congress of the Union for the Federal Government in this fiscal year.
This instrument is denominated in pesos, with a coupon payment referenced to the benchmark TIIE Funding rate at one business day. Currently, 88 issues have been made, both in national and foreign markets, adding a total issued amount of 366,529 million pesos, destined exclusively for sustainable projects in Mexico.
The Treasury reported that only in 2021 and so far in 2022, 245,836 million pesos have been issued, which represents 67% of the total issued since the creation of this market.
BONDES G are issued under the Reference Framework for Sovereign Bonds linked to the Sustainable Development Goals (SDGs), prepared by the Ministry of Finance, which has the purpose of defining the appropriate mechanisms to support the monitoring of the objectives of the Agenda 2030 through the federal government budget.
