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Emerging MarketsEM LatAm

Mexico's Nemak lines up SLB to refinance 2025s

Mexico City, cars, Nemak, light, vehicles, aluminium, night, 575, latAm

Mexican car parts maker Nemak is looking to become the latest Latin American company to issue a sustainability-linked bond, having begun investor meetings on Monday. Like other LatAm SLB issuers from the sector, Nemak is including a coupon step-up linked to Scope 1 and 2 greenhouse gas emissions — though the company has a separate target to reduce its far more significant Scope 3 emissions.

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