The Federal Government of Mexico released its first SDG Bond Allocation and Impact report

Newsletter

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The Federal Government of Mexico released on November 11, 2021 its first SDG Bond allocation and impact report one year after its inaugural SDG bond issuance. Natixis was pleased to accompany Mexico’s Government in this process.

 

A lookback at Mexico’s two successful SDG bond issuances

On September 14, 2020, Mexico’s Federal Government successfully issued an inaugural and historic Sustainable Development Goals Bond (€ 750m 7-year). Less than a year later, in July 2021, Mexico’s Government issued a second SDG bond (€1.250m 15-year). Natixis acted as Sole Sustainability Structurer and Joint Bookrunner on both transactions. This innovative approach emphasized Mexico’s commitment towards the fulfillment of the Agenda 2030.  Additional details about the inaugural transaction and the innovative framework can be found in our newsletter publications.

 

Focus on Mexico’s Allocation and Impact report

One year after its inaugural issuance, Mexico’s Federal Government released an Allocation and Impact report of Eligible Expenses linked to the SDG bonds. As a natural continuation of its Sustainability Structurer role, Natixis accompanied Mexico’s Government in this report’s preparation.

The Allocation report details the allocation of 37 Eligible Expenditures that have been selected according to the SDG Bond Framework. It presents information at municipal level or at state level. SDG 3 received the most significant amounts in budgetary programs, followed by SDG 4 and SDG 2. The Impact report details the performances of the 37 Eligible Expenditures and the performances per SDG at macro-level. In total, more than 3.8 million people were directly benefited.  In addition, the United Nations Development Program (UNDP) provided an opinion on the report.

To go further:

Link to Mexico SDG Bond Allocation and Impact Report

Link to the Executive Summary

Link to the report’s annexes

Link to the UNDP’s opinion on the Mexico’s 2020 SDG Bond Allocation and Impact Report