BBVA Mexico accompanies Nacional Financiera in the issuance and reopening of a Social Bond totaling MXNX million.

BBVA Mexico acted as Sole Underwriter in the reopening of notes by Nacional Financiera (NAFIN), in the form of a Social Bond, With the ticker symbol NAFR 24S, a floating-rate bond with a remaining term of 2.5 years was issued for a total amount of MXN 5 billion, attracting demand that reached MXN 5.421 billion.

The bond was placed at a rate of 24 basis points over the TIIE funding, in line with the initial price talk (IPT).

The issue received the highest rating from the main rating agencies: AAA(mex) from Fitch Ratings and HR AAA from HR Ratings. The proceeds will be used to fund operations aimed at social and financial inclusion, as well as to support projects that generate employment and promote women's empowerment.

The market responded positively to the deal, with a total demand of MXN 5.421 billion, equivalent to 1.8 times NAFIN's initial goal of MXN 3 billion.

Nacional Financiera, with more than 90 years of history, has been a pillar of Mexico’s economic development, boosting the financing of micro, small and mid-sized enteprises. Since 2017, NAFIN has been a pioneer in the issuance of Social Bonds, and currently 65% of its current issues are thematic. In line with its sustainable commitment and international best practices, the institution has launched a sustainability website.

BBVA Mexico thanks NAFIN for entrusting this transaction to us, with which we reiterate our commitment to supporting projects that incorporate Environmental, Social and Governance (ESG) criteria. To date, BBVA Mexico has participated as placement intermediary in more than 50% of ESG issues made in the local market.