The Ministry of Finance of Mexico conducted a new sustainable debt issuance with a simultaneous placement of Bondes G and a Bono S, the second such operation in 2025. In total, 26,200 million pesos were placed through this mechanism. This operation aims to continue expanding the depth and liquidity of this market. Bondes G are sustainable floating-rate instruments referenced to the TIIE, allowing them to adjust to market liquidity conditions. The Bono S, in turn, is a fixed-rate sustainable instrument with an 8% coupon and is linked to the Sustainable Development Goals. The placement was distributed as follows: 16,200 million pesos in Bondes G and 10,000 million in the Bono S. For the Bondes G terms, 7,000 million were allocated for 2 years, 6,900 million for 4 years, and 2,300 million for 6 years. The Bono S has a 10-year maturity. Total demand reached 48,000 million pesos, equivalent to 1.83 times the amount placed. The Ministry of Finance explained that the funds will support the Eligible Expenditure Portfolio for the 2025 fiscal year, which includes programs related to education, health, water infrastructure, and biodiversity protection, all aligned with the framework of sovereign bonds linked to the SDGs. The department noted that this issuance is part of the Sustainable Financing Mobilization Strategy, whose objective is to consolidate a sustainable yield curve that serves as a benchmark for future operations. The Ministry highlighted the broad participation of national and foreign investors, interpreting it as a sign of confidence in the federal government's instruments. The Bono S registered a yield of 8.86%. The premiums were 0.16%, 0.18%, and 0.2%, respectively. It added that the transaction was carried out in accordance with the Federal Public Debt Law and within the ceilings authorized by Congress for 2025.
