Mexico’s Ministry of Finance (SHCP) has completed the third simultaneous auction of the year for its Bondes G and Bono S instruments, raising nearly 40 billion pesos.
The issuance was conducted under the country’s Sovere Sustainable Financing Reference Framework, marking another step in the government’s strategy to expand its green bond market.
The auction underscores Mexico’s continued effort to diversify its funding sources while aligning with international sustainability standards.
By issuing these specific instruments, the SHCP aims to attract investors with a mandate for environmental, social, and governance (ESG) criteria, potentially lowering borrowing costs over time compared to conventional debt.
This development comes as global sovereign debt markets face varying levels of investor demand.
While the US Treasury market prepares for significant auctions of longer-dated maturities, emerging markets like Mexico are testing the depth of liquidity for specialized instruments.