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:
President of Mexico: Andres Manuel Lopez Obrador.
On the 1st of April India observed the foundation day of the Reserve Bank of…
Nuclear Energy plays an important role in India's electricity production. It is one of the…
The Coastal State of India Andhra Pradesh is set for the major administrative transformation as…
For the major leap in the advanced technology as the Andhra Pradesh will launch the…
The International Booker Prize 2026 has shortlisted the books and this are featuring the six…
April, starting month of the financial year, has many national and international events. From cultural…