The issuance comprises two tranches: one in the amount of 7.867 billion pesos with a nine-year tenor and a fixed annual interest rate of 9.22%; and a second tranche of 4.133 billion pesos with a four-year tenor and a floating annual interest rate of Funding TIIE +0.45%. Both tranches feature bullet principal repayment at maturity. The transaction was evaluated by S&P National Ratings and Fitch, which assigned ratings of ‘mxAAA’ and ‘AAA(mex)’, respectively. The issuance generated demand exceeding 19 billion pesos, once again reflecting investors’ confidence in Grupo Bimbo.
“BBVA Mexico’s participation underscores its commitment to supporting and advising its clients in the execution of their corporate treasury strategies”
According to Álvaro Vaqueiro Ussel, Head of Corporate and Investment Banking at BBVA Mexico, “this issuance reaffirms the market’s strong confidence in Grupo Bimbo’s operations, recognized as the largest Mexican baking company in the world. BBVA Mexico’s participation underscores its commitment to supporting and advising its clients in the execution of their corporate treasury strategies.”
By way of background, Grupo Bimbo’s previous Certificados Bursátiles issuance took place in February 2025 for an amount of 15 billion pesos and received the highest national credit ratings of ‘mxAAA’ from S&P Global Ratings and ‘AAA(mex)’ from Fitch.