IDB Invest Closes Record-Breaking Bond Issuance in Mexico to Strengthen Financing for Small and Midsized Businesses

MEXICO CITY – IDB Invest has completed the most successful debt issuance in its history in Mexico with a new social bond totaling 2.5 billion Mexican pesos (approximately $134 million). The proceeds will support financing for small and medium-sized enterprises (SMEs), reaffirming IDB Invest’s commitment to promoting sustainable development through the private sector.
SMEs are key drivers of economic growth and formal job creation in Mexico. IDB Invest’s social bonds in the country have supported 360,000 micro, small, and medium-sized enterprises (MSMEs) and contributed to the creation of 13,000 new jobs nationwide.
The transaction attracted demand exceeding 4.65 billion Mexican pesos—1.9 times the offered amount—marking the highest demand ever achieved by IDB Invest for this type of issuance in Mexico. Strong investor interest enabled pricing at TIIE Fondeo plus 0.31%. Investment funds acquired 63% of the issuance, followed by banks and brokerage firms (18%), financial advisors (17%), and government entities (2%).
The bond, listed on the Institutional Stock Exchange (BIVA, for its name in Spanish), received top local ratings of AAA.mx from Moody’s and AAA (mex) from Fitch Ratings. Banco Santander and BBVA acted as joint lead managers for the transaction.
This marks IDB Invest’s fifth issuance in the Mexican market under its Sustainable Debt Framework and the eleventh since the program’s inception in 2007. With this new transaction, IDB Invest continues to expand its presence in local capital markets, with recent operations in Mexican pesos, Colombian pesos, Brazilian reais, Dominican pesos, and Paraguayan guaranies. This strategy reflects IDB Invest’s priority to offer local currency financing to its clients—a key tool to reduce exposure to exchange rate volatility and promote more sustainable debt.
Investor Distribution
Investor Type | Allocation |
Mutual Funds | 63% |
Banks and Brokerage Firms | 18% |
Financial Advisors | 17% |
Government Entities | 2% |
Issuance Summary Summary
Item | Details |
Issuer | Inter-American Investment Corporation (IDB Invest) |
Ratings | AAA.mx (Moody’s), AAA (mex) (Fitch) |
Security Type | JI, Multilateral Organization Bonds |
Issuance Amount | MXN 2,500,000,000 |
Book Closing Date | August 26, 2025 |
Settlement Date | August 28, 2025 |
Maturity Date | August 24, 2028 |
Interest Rate | TIIE Fondeo + 0.31% |
Placement Price | 100.00% |
Listing | Institutional Stock Exchange (BIVA) |
BIVA Ticker | BIDINV 1-25S |
Common Representative | Monex Casa de Bolsa, S.A. de C.V., Monex Grupo Financiero |
Lead Managers | Casa de Bolsa Santander, S.A. de C.V., Grupo Financiero Santander México; BBVA Casa de Bolsa |
About IDB Invest
IDB Invest 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 400 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 idbinvest.org/en.