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ECON-Pemex Green Bond Securitization Program
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

Country

Mexico

Project Number

ME-U0005

Approval Date

December 3, 2015

Project Status

Implementation

Project Type

Guarantee

Sector

ENVIRONMENT AND NATURAL DISASTERS

Subsector

CLIMATE CHANGE FINANCING

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 259,821,246.00

Country Counterpart Financing

USD 157,365,934.00

Original Amount Approved

USD 102,455,312.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
3621/OC-ME Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Guarantee Financial Instrument
Operation Number 3621/OC-ME
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Guarantee Financial Instrument
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