IDB Invest Issues Bond in Mexico to Boost Financing for Small and Midsize Businesses
MEXICO CITY — IDB Invest issued a new social bond in Mexico for 3.5 billion Mexican pesos (approximately $193 million) to expand financing for small and midsize businesses (SMEs).
The transaction received orders exceeding 4.5 billion Mexican pesos, 1.3 times the amount offered and one of the highest order volumes for an IDB Invest issuance in Mexico. Strong demand allowed the placement agents to price the bond at TIIE de Fondeo plus 0.31%, while matching the largest amount issued by IDB Invest in Mexico to date.
The transaction attracted key investors, underscoring the strong support for IDB Invest in the Mexican market. Investment funds purchased 43% of the bonds issued, pension funds (Afores) 30%, brokerage firms 21% and banks 6%.
The issuance, listed on the Bolsa Institucional de Valores (BIVA), received local ratings of AAA.mx from Moody’s and AAA(mex) from Fitch Ratings. BBVA and Scotiabank acted as placement agents for the transaction.
Small and midsize businesses are key drivers of growth and formal job creation in Mexico, and expanding their access to financing is crucial to boosting their growth and competitiveness. Among Mexican micro, small and midsize businesses, sustained access to supply chain financing mechanisms, such as reverse factoring, is associated with increased sales and an expanded customer base, according to recent evidence from IDB Invest.
This is IDB Invest’s sixth issuance in the Mexican market under its Sustainable Debt Framework and its 12th issuance since its inaugural offering in the country in 2007. With this new issuance, IDB Invest continues to expand its presence in local capital markets, following recent transactions in Mexican pesos, Colombian pesos, Brazilian reais, Dominican pesos, and Paraguayan guaraníes. This strategy is part of IDB Invest’s priority to provide local currency financing to its clients, a key tool to reduce exposure to exchange-rate volatility and promote more sustainable debt.
Distribution by investor type
Investment funds | 43% |
Pension funds | 30% |
Brokerage firms | 21% |
Banks | 6% |
Issue summary
Issuer: | Inter-American Investment Corporation (IDB Invest) |
Issuance Ratings: | Aaa.mx (Moody’s), AAA(mex) (Fitch) |
Ticker and security type: | JI, Multilateral Organization Debt Certificates |
Issue amount: | MXN $3,500,000,000 |
Book closing date: | October 8, 2026 |
Settlement date: | October 12, 2026 |
Maturity date | October 8, 2029 |
Interest rate: | TIIE Funding Rate + 0.31% |
Issue price: | 100.00% |
Listing: | Bolsa Institucional de Valores (BIVA) |
BIVA ticker: | BIDINV 1-26S |
Common representative: | Monex Casa de Bolsa, S.A. de C.V., Monex Grupo Financiero |
Placement agents: | BBVA Casa de Bolsa de Grupo Financiero BBVA México Scotia Inverlat Casa de Bolsa from Financing Group Scotiabank Inverlat |
About IDB Invest
IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $22 billion in assets under management and more than 440 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website: www.idbinvest.org/en.