Deal | 07 July 2025
BBVA México Supports Vinte in Landmark MXN 2.5 Billion Green Bond Offering
BBVA México acted as joint bookrunner in the successful issuance of Vinte Viviendas Integrales S.A.B. de C.V.’s inaugural green bond, raising a total of MXN 2.5 billion—doubling the issuer’s initial target of MXN 1.25 billion. This transaction marks Vinte’s debut in the green bond market, after previously placing six sustainable-labeled bonds, and underscores its long-standing commitment to developing environmentally responsible communities.
The offering attracted robust demand from both local and international institutional investors, registering total orders of MXN 3.144 billion—an oversubscription of 1.26x. The deal was structured in two tranches:
Proceeds from the issuance will be used to finance green community development projects across Mexico, in line with Vinte’s Green Bond Framework. The framework was developed with advisory support from BBVA and LAGreen, and is aligned with the Green Bond Principles of the International Capital Market Association (ICMA). It also received a Second-Party Opinion from Sustainalytics US Inc., which awarded the framework its highest sustainability rating. The funds will contribute to the achievement of several UN Sustainable Development Goals, notably SDG 6 (Clean Water), SDG 7 (Affordable and Clean Energy), SDG 11 (Sustainable Cities and Communities), and SDG 12 (Responsible Consumption and Production).
Following its acquisition of Javer, Vinte became Mexico’s largest homebuilder as of December 2024. With 22 years of experience, Vinte is a vertically integrated and sustainability-driven real estate developer with a strong focus on profitability and long-term value creation. The company has delivered over 65,000 homes across nine states—primarily in central Mexico—earning a high degree of customer loyalty. Since 2017, Vinte has pursued a PropTech strategy, commercializing more than 5,000 homes through digital channels, which now account for 36% of its sales over the past 12 months.
This transaction reinforces BBVA’s commitment to sustainable finance and its support for projects driving the transition to a low-carbon economy. Seamless collaboration between Institutional Sales teams across Mexico, Europe, and New York, alongside BBVA’s Debt & Sustainability Advisory, Investment Banking, and Execution teams, was instrumental in the successful placement of this green bond.
We congratulate Vinte on this milestone transaction and appreciate their continued trust in BBVA as a strategic partner.
The offering attracted robust demand from both local and international institutional investors, registering total orders of MXN 3.144 billion—an oversubscription of 1.26x. The deal was structured in two tranches:
- VINTE 25V: MXN 1.4 billion, 5-year tenor, floating rate at TIIE Fondeo + 250 bps.
- VINTE 25-2V: MXN 1.1 billion, 7-year tenor, fixed rate at MBonos + 200 bps, with an 11.01% coupon.
Proceeds from the issuance will be used to finance green community development projects across Mexico, in line with Vinte’s Green Bond Framework. The framework was developed with advisory support from BBVA and LAGreen, and is aligned with the Green Bond Principles of the International Capital Market Association (ICMA). It also received a Second-Party Opinion from Sustainalytics US Inc., which awarded the framework its highest sustainability rating. The funds will contribute to the achievement of several UN Sustainable Development Goals, notably SDG 6 (Clean Water), SDG 7 (Affordable and Clean Energy), SDG 11 (Sustainable Cities and Communities), and SDG 12 (Responsible Consumption and Production).
Following its acquisition of Javer, Vinte became Mexico’s largest homebuilder as of December 2024. With 22 years of experience, Vinte is a vertically integrated and sustainability-driven real estate developer with a strong focus on profitability and long-term value creation. The company has delivered over 65,000 homes across nine states—primarily in central Mexico—earning a high degree of customer loyalty. Since 2017, Vinte has pursued a PropTech strategy, commercializing more than 5,000 homes through digital channels, which now account for 36% of its sales over the past 12 months.
This transaction reinforces BBVA’s commitment to sustainable finance and its support for projects driving the transition to a low-carbon economy. Seamless collaboration between Institutional Sales teams across Mexico, Europe, and New York, alongside BBVA’s Debt & Sustainability Advisory, Investment Banking, and Execution teams, was instrumental in the successful placement of this green bond.
We congratulate Vinte on this milestone transaction and appreciate their continued trust in BBVA as a strategic partner.