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Bimbo announces sustainability-linked local bonds
Hand putting coins on a stack with plant growing on the money wi

Grupo Bimbo issued sustainability-linked bonds (Certificados Bursátiles) in its home market of Mexico, for a total amount of MXN 15,000 million (EUR 807,000), the largest corporate sustainability-linked bond (SLB) in the history of the Mexican market.

Two series were issued: the first series of MXN 12,000 million (EUR 646 million), with a 10-year maturity and a 9.24% annual fixed rate; the second series of MXN 3,000 million (EUR 161 million) with a three-year maturity rate. Bimbo plans to 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.

“We tapped the Mexican market once again, this time through our first ESG-labeled 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 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 a direct distribution network of more than 3.4 million points of sale, more than 56,000 routes and over 143,000 associates.

Photo: AdobeStock #572598407