Chicago, Dec. 16 – Corpovael, SA de CV announced that it placed Ps. 502.1 million 9.13% seven-year green bonds, according to a press release.
The notes have a partial guarantee from IDB Invest and the Federal Mortgage Society.
The notes also have a 10% liquid guarantee.
This is the first green bond in the housing sector in Latin America certified by the Climate Bond Initiative.
It is the sixth debt placement from CADU and the first to be listed on the Institutional Stock Exchange (BIVA).
The issuer is a Cancun-based business group working on the integrated development of affordable, middle, middle-residential and residential housing in Mexico.
| Issuer: | Corpovael, SA de CV
|
| Issue: | Green bonds
|
| Amount: | Ps. 502.1 million
|
| Maturity: | Seven years
|
| Coupon: | 9.13%
|
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