Overview
- Proceeds will finance strategic infrastructure under President Claudia Sheinbaum Pardo’s Plan México across social services, water, transport and electrification projects.
- The sale drew total demand of 1.3x from 37 institutional investors spanning development banks, pension funds, brokerages, asset managers, insurers and commercial banks.
- Tranche BANOB 25-4: MXN 700 million, variable rate at TIIE de Fondeo +23 bps, 3.4‑year tenor, book 7.21x the amount allocated.
- Tranche BANOB 25X and BANOB 25-2X: MXN 7.1 billion at a 7.5‑year fixed coupon of 8.99% with 1.17x demand, and MXN 10.2 billion at a 12‑year fixed coupon of 9.52% with demand equal to the amount placed.
- Banobras issued under its Sustainable Bonds Framework with Gender Perspective as part of its 2025 financing plan and SHCP’s sustainable‑finance strategy, committing to monitor use of proceeds and report economic, environmental, social and gender outcomes.