en.Wedoany.com Reported - Banco Nacional de Obras y Servicios Públicos (Banobras) issued notes worth 20 billion Mexican pesos (approximately $1.154 billion) in the local market, aiming to strengthen financing for the country's strategic infrastructure projects and consolidate its position as Mexico's leading development bank.

The issuance, intermediated by BBVA México, was carried out in three tranches, with total market demand reaching 2.1 times the initially planned amount of 10 billion pesos. BBVA México stated that the funds raised will enable Banobras to expand its capacity to finance projects with economic and social impact, aligning with the federal government's infrastructure development goals.

Álvaro Vaqueiro, Managing Director of Corporate and Investment Banking at BBVA México, stated that through this new issuance, Banobras will enhance its ability to provide efficient and timely financing for strategic infrastructure projects, helping to develop works that improve connectivity, promote mobility, and expand the coverage and quality of public services. BBVA México is proud to contribute through such operations to achieving higher levels of development for the Mexican people.

The issuance received the highest rating of "AAA(mex)" from Fitch México, Moody's Local, and S&P Global Ratings, reflecting Banobras' credit strength. The funds raised will be used to support financing for federal entities and projects aligned with the institution's mission to improve infrastructure and public services.

The issuance specifically includes a tranche of 10.4 billion pesos in floating-rate notes with a 588-day term, and two re-opened tranches of notes amounting to 2.4 billion pesos and 7.2 billion pesos, with terms of approximately 7.9 years and 11.9 years, respectively. Banobras emphasized that the transaction aligns with the objectives of the "Mexico Plan" and reinforces its role as the country's primary infrastructure development bank, focusing on channeling public and private investment towards strategic projects.

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