Balances of Portfolio by Sectors
First Tier Private Sector - Business Unit
(figures in million MXN)

Bancomext issued the first and only subordinated bond as a Mexican development bank in August 2016, which allowed to significantly strengthen the bank’s capitalization index. The issuance was for a total of $700 million USD, which had a prepayment option by the issuer at the 5th year of the term.

Said prepayment option was used on August 11th 2021, as the market was expecting, with the full payment of the $700 million USD. Simultaneously, and with the purpose of not losing the benefits in the capitalization index, the bank carried out a new issuance of subordinated bonds for $500 million USD, which it administered during the first two quarters of the year, with the coordination and under the leadership of the DGAERI.

This issuance was carried out within the frame of reference for sustainability bonds developed by the bank in parallel to managing the operation. It represents the first subordinated bond with a sustainable label in Latin America, with the lowest coupon in the region’s history.

To date, the negotiation of texts has concluded for two Memoranda of Understanding (MoU), the first one with the Russian Export-Import Bank, and the second one with the Export-Import Bank of Hungary.

Long-Term Credit Ratings Mexico and Bancomext