IFC Supports Sustainable Bond Issued by GF Mega to Boost SME´s Growth in Mexico
A new investment will help increase access to finance for small businesses, especially women-owned firms, while promoting sustainable projects in Mexico. IFC supported the MXN3,000 million (~$150 million equivalent) publicly listed sustainable bond issued by Operadora de Servicios Mega (GF Mega), a leading Mexican leasing company with over 15 years of operating experience in providing specialized financial solutions to small- and medium-sized enterprises, which are largely underserved by traditional bank institutions.
This is the first sustainable bond issued by a private sector non-bank financial institution (NBFI) in Mexico. IFC subscribed MXN564.5 million (~$28.2 million equivalent) for its own account, and mobilized funds from other investors. The proceeds of the bond will be used to finance social and sustainable ventures.