Vinte Viviendas Integrales’ $19.5 Million Sustainability Bonds Offering


Kuri Breña, Sánchez Ugarte y Aznar advised Vinte Viviendas Integrales on the offering.

Vinte Viviendas Integrales executed its MXN$400 million (Approx. USD$19.5 million) Sustainability Bonds offering, in the Mexican Stock Exchange, under a program established in 2017, where all principal and interest payments are guaranteed by certain consolidated subsidiaries of Vinte.

In connection with the use of proceeds derived from the issuance, Vinte obtained a Second-Party Opinion on the alignment of Vinte’s Sustainability Bond Framework with the Sustainable Bond Guidelines 2017 (administered by the International Capital Market Association), from Sustainalytics US Inc, and was rated XB1+ by HR Ratings.

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

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

Vinte Viviendas Integrales, S.A.B. de C. V. is a real estate company. The Company engages in the promotion, design, construction, and commercialization of housing projects. Vinte Viviendas Integrales serves customers throughout Mexico.

Kuri Breña, Sánchez Ugarte y Aznar advised Vinte with a team led by partners Luis Octavio Nez Orellana (Picture) and Jos Casas Faras, and also included Rodrigo Lpez Mrquez (Partner) and Daniel Garca Hernndez (Junior Associate).

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;

Law Firms: Kuri Breña Sánchez Ugarte y Aznar;

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

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Author: Ambrogio Visconti.