(MENAFN- PR Newswire) MEXICO CITY, May 31, 2023 /PRNewswire/ -- Grupo Bimbo S.A.B. de C.V.
("Grupo Bimbo" or the "Company") announces the successful issuance in the Mexican market of Sustainability-linked Bonds (Certificados Bursátiles) for a total amount of approx. $850 million dollars, which
represents the largest corporate Sustainability-linked Bond (SLB) in the history
of
the
Mexican
market, and
the
largest transaction
so
far
during
the
year.
The
issuance
included two
series:
the
first
series of approx. $680
million dollars,
with
a
10-
year maturity and a 9.24% annual fixed rate; the second series of approx. $170 million dollars,
with
a
3-year maturity
and
an
annual
floating rate
of
28-day TIIE +0.10%.
The
Company
will
use
the
proceeds
from
this
offering primarily
to
repay bank debt,
to
continue
strengthening
its
financial
flexibility.
The bonds are linked to Sustainability Performance Targets aligned to the net zero-carbon emission strategy of Scope 3, which accounts approximately for 90% of Grupo
Bimbo's carbon
footprint.
The
Company
obtained a
second-
party opinion
(SPO),
who
rated
the
Sustainability
Performance
Targets
of
this
issuance
as
material
and
relevant,
according to
market
standards.
"We tapped the Mexican market once again, this time through our first ESG-
labelled bond, ranking the fifth SLB for Scope 3 globally and the first in Latin
America, in line with our ambitious global long-term sustainability strategy.
This transaction strengthens our financial position while reaffirming our
sustainability
commitments,
specifically
our
undertaking
to
become
a
net
zero-carbon
Company
by
2050",
said
Diego
Gaxiola,
CFO
of
Grupo
Bimbo.
The
Sustainability
Linked
Bond
Framework is
available
at:
.
Grupo Bimbo once again recognizes and acknowledges the support of
investors
and
BBVA,
HSBC
and
Santander, the financial institutions that acted as joint bookrunners.
ABOUT GRUPO BIMBO
Grupo
Bimbo
is
the
leader
and
largest baking
Company
in
the
world
and
a
relevant
participant
in
snacks.
Grupo Bimbo has 215 bakeries and plants and more than 1,600 sales centers strategically located in 34
countries throughout the Americas, Europe, Asia and Africa. Its main product lines include sliced bread, buns
& rolls, pastries, cakes, cookies, toast, English muffins, bagels, tortillas & flatbreads, salty snacks and
confectionery products, among others. Grupo Bimbo produces over 9,000 products and has one of the largest direct distribution networks in the world, with more than 3.4 million points of sale, more than 56,000 routes and over 143,000 associates. Its shares trade on the Mexican Stock Exchange (BMV)
under
the
ticker
symbol
BIMBO,
and
in
the
over-the-counter
market
in
the
United
States with
a
Level
1
ADR,
under
the
ticker
symbol
BMBOY.
Contact: [email protected]
SOURCE Grupo Bimbo