Banobras to Issue Bonds on Stock Exchange
Banobras, the development bank, will be issuing certificates on the Mexican Stock Exchange (Bolsa Mexicana de Valores) for up to 13,000 million pesos. The emission will be under the “vaso comunicante” scheme, with a maximum limit of 18,000 million pesos in total.
According to the institution, the principal amortization of these certificates will occur at maturity, and the funds obtained will be used for refinancing debts and funding credit operations. Fitch Ratings has granted Banobras the highest national rating, AAA.
Water Crisis and Rotoplas’s Role
Mexico is facing a severe water crisis, with more than 35 million Mexicans lacking proper access to water and 60% of the national territory experiencing some level of drought. Rotoplas, a company specializing in water-related solutions, participated in the Revolución Hídrica forum to discuss potential solutions such as water reuse, treatment, and rainwater harvesting.
Rotoplas’s recent performance: The company, known for selling tinacos (water tanks), cisterns, and offering irrigation, rainwater harvesting, and water treatment services, reported third-quarter results to the Stock Exchange. The company experienced a decline in sales due to market conditions and the strong Mexican peso compared to other currencies, like the Argentine peso.
FIDE’s Focus on Sustainable Finances
In preparation for the United Nations Conference on Climate Change (COP30) in Brazil from November 10-21, the Fideicomiso para el Ahorro de Energía Eléctrica (FIDE) emphasized the importance of strengthening initiatives related to sustainable finances, decarbonization, energy efficiency, circular economy, and entrepreneurship.
FIDE has contributed to a 26.69 TWh energy saving and prevented 14.35 million tonnes of CO2 emissions over 35 years, resulting in a monetary saving of 6 billion pesos in the carbon market.
MIDE’s Upcoming Relaunch
The Museo Interactivo de Economía (MIDE) will reopen on November 7 with a revamped design, new interactive experiences, and participatory spaces. Located in Mexico City’s Historic Center since 2006, the museum aims to offer new ways of understanding economics and reconnect with visitors’ daily lives.
Key Questions and Answers
- What is Banobras issuing? Banobras will issue certificates on the Mexican Stock Exchange for up to 13,000 million pesos.
- What is the water crisis in Mexico? More than 35 million Mexicans lack proper access to water, and 60% of the national territory experiences some level of drought.
- What does Rotoplas do? Rotoplas specializes in water-related solutions, including tinacos, cisterns, irrigation systems, and rainwater harvesting.
- What is FIDE’s focus? FIDE aims to strengthen initiatives related to sustainable finances, decarbonization, energy efficiency, circular economy, and entrepreneurship.
- What changes is MIDE implementing? MIDE will reopen with a revamped design, new interactive experiences, and participatory spaces to better connect visitors with economics in their daily lives.
