ImpactAlpha, Sept. 16 – Mexico has issued a $890 million Sustainable Development Goal bond.
Proceeds from the seven-year bond will target vulnerable populations across Mexico, with a city-level focus, covering SDGs for hunger, health, education, work and infrastructure.
The issuance is the first sovereign SDG bond, according to the U.N. United Nations Development Programme. “This initiative is an important step forward in the development of a market for SDG financing at a large scale and an innovative mechanism to tap into the private capital market to finance SDG-related programs,” said UNDP’s Achim Steiner.
More than 250 global investment firms participated.