December 09, 2021

NADBank recognized in Mexico as first multilateral bank to issue a green bond

Mexico City – The North American Development Bank (NADBank) was recognized in Mexico as the first multilateral bank to issue a green bond in the international market and for the largest amount issued in 2020, within the framework of the 2020-2021 Green, Social and Sustainable Bond Awards made by the Green Finance Advisory Council (CCFV). The announcement was made during the MX21 Sustainable Finance Forum, organized by the CCFV on December 7 and 8, 2021 in Mexico City.

“This CCFV award is an endorsement of NADBank’s commitment to the principles of environmental sustainability and transparent management of its financial and investment resources,” stated NADBank Managing Director Calixto Mateos Hanel. “It motivates us to continue finding innovative tools for the efficient use of resources in benefit of the U.S.-Mexico border region.”

In May 2020, NADBank issued two green bonds in the international markets: a CHF 180 million bond maturing in 2028 and a CHF 160 million bond maturing in 2033, equivalent to US$186 and US$166 million, respectively.

Since 2018, NADBank has issued three green bonds totaling US$478 million that have supported 12 projects to date. All infrastructure projects financed with the proceeds of the green bonds are consistent with the NADBank Green Bond Framework, which was first developed in 2018 and updated in 2020.

Further details on the NADBank Green Bond Program can be found in its 2018 and 2020 Green Bond Reports.