Mexico has become the first country in the world to issue a sovereign bond linked to the sustainable development goals set by the United Nations. It has raised EUR 750 million ($890 million) by such bonds. The SDG bond will mature in September 2027 and offers a yield to maturity rate of 1.603% and a coupon rate of 1.350%. This new bond was issued under Mexico’s new “SDG Sovereign Bond Framework,” which was released in February in partnership with French investment bank Natixis.
This issue will aid the Mexican Government in three ways viz. strengthens budget transparency, increases earmarked spending for sustainable development programs and contributes to the development of the local and international capital markets aimed at development finance.
Important takeaways for all competitive exams:
- Mexico Capital: Mexico City.
- Mexico Currency: Mexican peso.
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President of Mexico: Andres Manuel Lopez Obrador.
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