The National Works and Public Services Bank (Banobras) successfully issued four traditional bonds in the local market: BANOB 26, BANOB 26-2, BANOB 26-3, and BANOB 26-4 for a total amount of 17 billion Mexican pesos. This operation is part of the 2026 Annual Financing Plan and contributes to Banobras' 2025-2030 Institutional Program. The operation involved 27 institutional investors, including Brokerage Firms, Development Banks, Afores (pension funds), Investment Funds, Insurance Companies, and Private Banks. Despite market volatility due to global uncertainty, the transaction was well-received by the market with total demand 1.36 times the amount placed. All four tranches were placed with the following characteristics: • BANOB 26 at a variable rate with a 1.5-year term for MXN 3.5 billion at TIIE de Fondeo + 18 bps. The book had total demand of MXN 6,492 million (1.32x the allocated amount). • BANOB 26-4 at a fixed rate with a 12-year term for MXN 6,700 million, with a coupon of 10.12% determined with reference to the MBonoNov2038 (9.62% + 50 bps). The book had total demand of MXN 2,423 million (1.27x the allocated amount). • BANOB 26-3 at a fixed rate with an 8-year term for MXN 4,900 million, with a coupon of 9.76% determined with reference to the MBonoNov2034 (9.34% + 42 bps). The book had total demand of MXN 4,641 million (1.33x the allocated amount). • BANOB 26-2 at a variable rate with a 3.5-year term for MXN 1,900 million at TIIE de Fondeo + 24 bps. The book had total demand of MXN 9,500 million (1.42x the allocated amount). The resources from the traditional bonds will be allocated to develop infrastructure in strategic sectors of the administration of President Claudia Sheinbaum Pardo. The successful placement of these bonds is the result of the strategic and permanent coordination of Banobras with the Ministry of Finance and Public Credit, headed by Secretary Edgar Amador Zamora, whose institutional leadership accompanies the Bank's strategic tasks. With these actions, Banobras reaffirms its commitment to financing infrastructure as a driver for development, job creation, and shared prosperity.
