ME-L1181 : ECON-Pemex Green Bond Securitization Program

Project Status
Approved

The project is the first utilization under the US$400 million uncommitted facility Scaling Up Capital Markets Solution for Financing Energy Efficiency in LAC (RG-X1250). The project consist in a senior revolving credit line to an SPV for up to US$ 150 million comprised by an IDB A loan for up to US$100 million and a US$50 million loan form the China Co-Financing Fund for Latin America and the Caribbean (CHC). The revolving credit line will accumulate a portfolio of energy efficiency projects developed by ECON Soluciones Energéticas Integrales to different Pemex facilities that will be subsequently securitized. In order to obtain adequate financing for these types of projects in terms of tenor, pricing and risk appetite that would be available through capital markets. The second phase will consist of a PCG program for of up to US$100 million in local currency to guarantee a MXN$5 billion Green Bond Program. The green bonds are expected be issued 18 to 24 months after the warehouse line is signed.

PROJECT DETAIL

Project Number ME-L1181
Financial Information
Project Number ME-L1181
Project Status Approved
IDB Financing
Financing Type Private Sector Loan
Fund CHC
Reporting currency USD - United States Dollar
Reporting Date NOV 30, 2017
Roles & Responsibilities
Contract Signature Date
Financial Information
Project Number ME-L1181
Project Status Approved
IDB Financing
Financing Type Private Sector Loan
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date NOV 30, 2017
Roles & Responsibilities
Contract Signature Date
Financial Information
Project Number ME-L1181
Project Status Approved
IDB Financing
Financing Type Guarantee
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date NOV 30, 2017
Roles & Responsibilities
Contract Signature Date
Country Mexico
Sector ENVIRONMENT AND NATURAL DISASTERS
Subsector ENVIRONMENT AND NATURAL DISASTERS-CLIMATE CHANGE FINANCING
Project Type Loan Operation

PROJECT INFORMATION

Total Cost H USD 307,365,934
Country Counterpart Financing USD 157,365,934
IDB Financing
Reporting currency USD - United States Dollar
Estimated Cofinancing(s) USD 252,455,311
PORTFOLIO DETAILS
Key Value
H Historical
R Revalued

*For active and closed projects, the IDB financing at Board approval is shown in US$ millions. This does not reflect any cancellations. For projects in Preparation the amount shown is the Estimated IDB Financing. Approved projects shows either Estimated IDB Financing or Historic Approved amount. The IDB financing for projects in the pipeline is indicative and may be modified during the project preparatio

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