Orbia announces closing of the offering of its supplemental sustainability linked notes in the Mexican market

by Orbia | Aug 31, 2023

Mexico City, August 31, 2023 – Orbia Advance Corporation, S.A.B. de C.V. (“ORBIA”) (BMV: ORBIA*), announces that it has successfully completed the first reopenings of its first and second notes issuances, for a total amount of $10,000,000,000.00 (ten billion Pesos 00/100), in the Mexican market, under the revolving short and long-term shelf registration program (the “Program”), authorized for Orbia by the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores or CNBV) on November 15, 2022, and subsequently extended and authorized to a total aggregate amount of $20,000,000,000.00 (twenty billion Pesos 00/100) on August 8, 2023. The reopening of the first issuance was for an amount of $2,100,000,000.00 (two billion one hundred million Pesos 00/100), due on December 4, 2025, accruing interest at a variable rate of 28-day TIIE (interbank rate) + 40 basis points, and the reopening of the second issuance was for an amount of $7,900,000,000.00 (seven billion nine hundred million Pesos 00/100), due on November 25, 2032, accruing interest at a fixed annual rate of 10.63% (ten point sixty three percent). Both issuances feature a “sustainability-linked bond” element.

This issuance received “AAA (mex)” ratings from Fitch México, S.A. de C.V. and “HR AAA” by HR Ratings de México, S.A. de C.V., which are the highest credit ratings of both agencies, on a national scale. ISS ESG issued a favorable second opinion regarding the certificados bursátiles and their “sustainability-linked bond” feature.