Mexico plans to continue exploring sustainable financial market: Gabriel Yorio

Mexico plans to continue exploring the sustainable financial market, with the potential issuance of a new fixed-rate bond and other transactions, said the Undersecretary of Finance and Public Credit, Gabriel Yorio.

In an interview with the Banorte Financial Group disclosed this Wednesday, the official did not give details of the possible operations, which would be added to the placement in August of 75,600 million in samurai bonds and the recent incursion of state authorities in the market.

A couple of weeks ago, the first subnational government came out with a sustainable emission and soon a sustainable emission related purely to water will come out,” he said.

“In the “pipeline” what we have is the development of the green mortgage market and potentially a sustainable derivatives market that will be linked to our Bondes G, together with potentially the issuance of a fixed-rate bond that (… .) I would dare to call M Green Bond”, he added.

Los green bondswhose proceeds are used to finance environmental projects, have gained popularity globally as issuers and investors seek to address the growing risks of climate change.

Yorio also told Banorte that the president’s administration Andres Manuel Lopez Obrador was evaluating tax incentives for US companies establishing themselves on Mexican soil, as it seeks to attract more investment from its main business partner.

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