Crédit Agricole CIB supports Mexico on landmark EUR 4.75bn SDG bond issuance and Sovereign Sustainable Finance Framework update

The transaction was comprised of 5-year, 10-year and 14-year sustainable benchmark notes and marked Mexico’s return to the EUR ESG market, supporting the sovereign’s Sustainable Development Goals (SDG) agenda. 

The transaction took advantage of favorable conditions in the EUR market to further advance its 2026 funding program and comes on the heels of Mexico’s USD-denominated issuance one week prior, which successfully opened the Latin American primary market. 

Mexico hosted a Global Investor Call to present the update of its Sustainable Finance Framework on January 8th, reinforcing transparency and investor engagement around the sovereign’s ESG strategy. 

The EUR Sustainable notes attracted strong demand from the global ESG investor base, which represented approximately 60% of total allocations across the three tranches. 

This transaction represents the largest ESG-labelled bond issuance by a Latin American issuer and the largest ESG-labelled EUR transaction by a non-European sovereign, highlighting the depth of investor appetite for high-quality sustainable sovereign issuers. 

Crédit Agricole CIB is proud to have supported the United Mexican States on this landmark transaction and Framework update, further demonstrating its commitment to supporting sovereign clients in accessing global capital markets through sustainable finance solutions.