📋 Tender Overview
COMPANY NAME
MERCADER FINANCIAL, SA, SOFOM, E.
PROJECT NUMBER
14986-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S CATEGORY tooltip
FI-2
COUNTRY
Mexico
SECTOR
Financial Institutions
STATUS
Proposed
DISCLOSED DATE
02/11/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
PROJECTED BOARD DATE tooltip
03/31/2025
APPROVAL DATE
03/31/2025
SIGNED DATE
04/30/2025
SPONSORING ENTITY
N/A
INVESTMENT OPERATIONS DEPARTMENT CONTACT
N/A
INVESTMENT TYPE
Not Specified
SYNDICATED AMOUNT
N/A
FINANCING AMOUNT
USD $ 30,108,600
CURRENCY
MXN
Project scope and objective
The Project consists of the subscription of a senior thematic bond (Sustainable Bond) in local currency (MXN), issued by a new special purpose vehicle ( SPV ) to be incorporated in Mexico. The issuance will be backed by a portfolio of segregated loans under a private issuance modality (portfolio securitization), with Mercader Financial, S.A., SOFOM, E.R. ( Mercader or the Originator ) acting as the servicer and originator of the underlying loans.
The issuance to be subscribed by IDB Invest will consist of the following characteristics: (i) senior bonds denominated in Mexican pesos ( MXN ), (ii) it will have a tenor of up to five years, including a two-year revolving period and a three-year amortization period, (iii) categorized as a thematic bond under the sustainable bond label and (iv) it will be aligned with the provisions of the International Capital Markets Association ( ICMA ). The use of funds will allow Mercader to originate new green loans as well as loans for micro, small and medium-sized enterprises ( MSMEs ) in Mexico.
