Company name
Banca Mifel SA Institución de Banca Múltiple Grupo Financiero Mifel
Project number
15236-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
Country
Mexico
Sector
Investment Funds
Status
Proposed
Disclosed date
06/01/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
07/01/2026
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 75,000,000
Currency
USD
Project scope and objective
The proposed transaction consists of IDB Invest's participation as anchor investor in the issuance of a thematic bond for up to US$160 million issued by Banca Mifel, S.A., Institución de Banca Múltiple, Grupo Financiero Mifel ("Mifel"), under its current issuance program. IDB Invest expects, in due course and under market conditions, to subscribe up to US$75 million, equivalent to approximately 47% of the total amount of the issuance, while the remaining amount will be placed among other investors. The use of the funds will go towards expanding the financing offered by Mifel in the form of sub-loans targeting its green portfolio.
Additionally, IDB Invest is structuring advisory services that may be focused on Sustainable Finance, including segmentation of the green and social portfolio, in addition to a possible leadership program for talent.
The issuance to be subscribed by IDB Invest will have the following characteristics: (i) it will consist of senior bonds denominated in United States dollars ("USD"); (ii) it will have a term of up to five years; (iii) it will be thematic and to be labeled as a green bond; and (iv) be aligned with the International Capital Markets Association ("ICMA"). The proceeds of the issuance will allow Mifel to originate new green loans in Mexico.
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Contact information
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Client Contact
PHONE NUMBER
+52 55 5282 7800
POST OFFICE ADDRESS
Av. Pdte. Masaryk 214-2o Piso, Polanco, Polanco V Secc, Miguel Hidalgo, 11560 Ciudad de México, CDMX, México
Information not available on IDB Invest website may be requested by mailing to 1350 New York Ave NW, Washington, DC 20577, by e-mailing [email protected] or by calling +1(202)-566-4566.
Individuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For information requests about the project.
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
BANCA MIFEL GREEN INITIATIVE MEXICO - 15236-01 - ESRS
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