Mexico promises 'sustainable curve' as long-awaited SDG debut offers no concession

Mexico, decorations, LatAm, 575
By Oliver West
15 Sep 2020

Seven months after it visited European investors to market the idea, Mexico sold the first sovereign bond explicitly aligned to the United Nations’ Sustainable Development Goals (SDG) on Monday, saying it was the first step on the way to building an external yield curve of sustainable bonds.

BNP Paribas, Crédit Agricole and Natixis had taken Mexico on a non-deal roadshow to Europe in February to present its SDG sovereign bond framework. But as the Covid-19 pandemic hit, Mexico in April turned to dollar markets instead to raise cash, selling $6bn ...

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