Vinte Viviendas Integrales’ $36.5 Million Sustainability Bond Offering

Kuri Breña, Sánchez Ugarte y Aznar advised Vinte Viviendas Integrales, S.A.B. de C.V. on the deal.

Vinte Viviendas Integrales, S.A.B. de C.V. executed its offering of MXN$700 million (Approx. USD$36.5 million).

Headquartered in Mexico City, Mexico, Vinte Viviendas Integrales engages in the promotion, design, construction, and urbanization of housing projects for middle-income families in Mexico.

Fourth and fifth long-term certificates (certificados burstiles) issuances in the Mexican Stock Exchange, under a program established in 2017 (for which the firm also acted as legal counsel), where all principal and interest payments are guaranteed by certain consolidated subsidiaries of Vinte.

In connection with the use of proceeds derived from the issuances, Vinte obtained a Second-PartyOpinion on the alignment of Vinte’s Sustainability Bond Framework with the Sustainable BondGuidelines 2017 (administered by the International Capital Market Association), from Sustainalytics US Inc.

The transaction was rated A+ by HR Ratings and Verum. Actinver and Santander acted as Placement Agents, and Banco Sabadell acted as Sustainability Consultant. CIBanco acts as Common Representative of the bondholders.

KSA acted as legal advisor to Vinte (Issuer) and its subsidiaries in the structuring and implementation of the issuances.

Kuri Breña, Sánchez Ugarte y Aznar advised Vinte Viviendas Integrales with a team led by Luis Octavio Nez Orellana (Picture) and included Rodrigo Lpez Mrquez, Jos Alejandro Casas Faras, Carlota Ochoa Morales and Daniel Garca Hernndez.

Involved fees earner: José Alejandro Casas Farías – Kuri Breña Sánchez Ugarte y Aznar; Daniel García Hernández – Kuri Breña Sánchez Ugarte y Aznar; Rodrigo López Márquez – Kuri Breña Sánchez Ugarte y Aznar; Luis Octavio Núñez Orellana – Kuri Breña Sánchez Ugarte y Aznar; Carlota Ochoa Morales – Kuri Breña Sánchez Ugarte y Aznar;

Law Firms: Kuri Breña Sánchez Ugarte y Aznar;

Clients: Vinte Viviendas Integrales, S.A.P.I. de C.V. ;