Mexican construction firm Grupo Hycsa is preparing to make its debut in the market for sustainability-linked debt to finance new clean energy projects, CFO Ramón Casanova told LatinFinance.
The firm plans to raise debt with bonds and loans linked to sustainability targets, he said, adding that Hycsa is currently drawing up its sustainable bond framework.
“I think we will initially raise MXN500 million ($26 million) in the second half of the year” by way of a bond sale, he said.
Apart from sustainability-linked debt, the company will also finance the projects using its own resources, said Casanova, who is also COO.
The construction firm last week unveiled a new division — Hycsa Green Capital — charged with developing solar and other clean energy projects aimed at reducing the carbon footprint of its operations and that of communities and businesses in the markets where it…
