MEXICO CITY, June 1, 2023 /PRNewswire/ — Grupo Bimbo, S.A.B. de C.V. (“Grupo Bimbo” or the “Company”) announces a successful placement of sustainability-linked stock certificates in the Mexican market for a total of approximately $850 million dollars, which represents the corporate issuance of sustainability-linked bonds (“SLB “, for its acronym in English) largest in the history of the Mexican market and, in turn, the largest issuance so far this year.
The stock certificates are divided into two series: a series for an amount of approximately $680 million dollars at 10 years at a fixed annual interest rate of 9.24% and the second for approximately $170 million dollars at 3 years at an interest rate variable annual TIIE 28 days 0.10%.
The resources obtained from this issuance will be used mainly to pay off bank debt, in order to continue strengthening the financial flexibility of the Company.
Stock certificates are subject to compliance with the key indicators of net carbon emissions of Scope 3, which represents approximately 90% of Grupo Bimbo’s carbon footprint. The Company obtained an opinion from an independent third party, who considered the key indicators as material and relevant, in accordance with industry best practices.
“We resumed our participation in the Mexican market, this time with our first thematic bond, positioning itself as the fifth Scope 3 SLB globally and the first in Latin America, in line with our ambitious global sustainability strategy with a long-term vision. This The transaction strengthens our financial position while reaffirming our commitment to our sustainability goals, particularly in becoming a net zero carbon business by 2050,” said Diego Gaxiola, CFO of Grupo Bimbo.
Information on key indicators and the Sustainable Financing Framework are available at: https://www.grupobimbo.com/es/marco-de-financiamiento-sustentable.
The Company thanks, once again, the trust placed in it by the investing public and by the underwriters BBVA, HSBC and Santander.
ABOUT BIMBO GROUP
Grupo Bimbo is the leading and largest bakery company in the world and a relevant player in snacks. It has 215 bakeries and other plants and more than 1,600 sales centers strategically located in 34 countries in the Americas, Europe, Asia and Africa. Its main product lines include box bread, pastries, sweet bread, cupcakes, cookies, toast, English muffins, bagels, tortillas and flatbread, and salty snacks, among others. Grupo Bimbo manufactures more than 10,000 products and has one of the largest distribution networks in the world, with more than 3.4 million points of sale, more than 56,000 routes and more than 143,000 employees. Its shares are listed on the Mexican Stock Exchange (BMV) under the ticker symbol BIMBO and in the over-the-counter market in the United States through a Level 1 ADR program, under the ticker symbol BMBOY.
Contact: ir@grupobimbo.com
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