Mexico

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.

Mexican cement producer Cemex sold its second dollar bond in three months on Monday, fetching lower pricing at a longer maturity than on its June outing as observers saw a slim new issue concession amid what one analyst called recent “insatiable” demand for the credit.

BBVA’s Mexican subsidiary BBVA Bancomer is looking for its first international bond in a year after mandating banks to lead a senior unsecured deal.

Private Mexican energy company Infraestructura Energética Nova (IENova) began calls with fixed income investors on Wednesday as it plans a second visit to international bond markets.

A bumper order book allowed Mexican bottling company Coca-Cola Femsa to sell a debut green bond inside guidance and inside its own curve this week, as the green aspect of the deal further broadened the audience for a credit that already holds diverse appeal.

Coca-Cola Femsa, the world’s largest franchised Coca-Cola bottler, is preparing to sell a debut green bond that it says it will use to finance its transition towards low-carbon operations and minimise its exposure to environmental risks.

Mexican miner Industrias Peñoles sold $600m of bonds on Thursday to keep Latin American primary markets ticking over as sell-side bankers expect only a trickle of deals from the region until September.

Industrias Peñoles, the world’s largest producer of refined silver, began investor calls on Wednesday ahead of a proposed $600m bond issue with the Mexican mining company largely unaffected by the impact coronavirus pandemic.

Mexican real estate investment trust Fibra Uno returned to the bond markets on Wednesday to price a postponed tap of its 2030 and 2050 notes.

Mexican lender Banorte and Colombia’s second largest telecoms company began investor calls on Monday as Latin American borrowers look for funding in the wake of a rally that reawakened issuer interest in bond markets.

Mexican real estate investment trust (Reit) Fibra Uno will monitor markets as it continues to look for liability management opportunities after pulling a proposed Reg S-only trade last week, the company’s capital markets vice-president has told GlobalCapital.

Two of Mexico’s best-rated issuers eased through bond markets this week, even as the country faces ever-worsening economic forecasts, while bankers said Latin America’s top names could issue multiple times this year.