Fundación Dondé Issues MX$1 Billion Sustainability Bond on BIVA

The Institutional Stock Exchange (BIVA) opened Mexico’s 2026 debt issuance calendar with a MX$1 billion (US$57.22 million) Sustainability-Linked Bond placement by Fundación Dondé, marking the first bond issuance of the year on the exchange. Fundación Dondé said proceeds from the sale will be used primarily to strengthen educational programs for children living in high-vulnerability contexts. 

During the opening bell ceremony, María Ariza, CEO,  BIVA, said sustainability-linked instruments raise market standards by connecting financing to clear performance goals. “Financing aligned with concrete results strengthens market confidence, broadens investor interest and accelerates projects with real, long-term impact,” she said.

Eduardo Dondé, president of the foundation, said the issuance will reinforce  its financial capacity to fulfill its long-term social mission by reinvesting surpluses to benefit children and young people facing the greatest needs.

Fundación Dondé, a private assistance institution, operates under two strategic pillars. The first is Montepío, which provides short-term liquidity through pawn-backed credit. The second is its social banking model, focused on promoting financial inclusion among populations traditionally excluded from the banking system by facilitating a transition from cash-based transactions to accounts, debit cards, and digital financial services.

According to BIVA data, the Fundación Dondé issuance adds to MX$5 billion (US$286.06 million) in debt placed earlier this year by the Special Fund for Agricultural Financing (FEFA) on Jan. 15, bringing total debt issuances on the exchange so far in 2026 to MX$6 billion (US$343.10 million).

Actinver Casa de Bolsa, Grupo Financiero Actinver, and Altor Casa de Bolsa participated as placement agents in the transaction. Executives from BIVA and the issuer said the bond proceeds are expected to increase distributable surpluses, enabling the creation of additional educational modules and expanding coverage for children and youth nationwide.

BIVA Taking Steps to Standardize Sustainability Issuances

In December 2025, BIVA and the International Finance Corporation (IFC) signed a cooperation agreement aimed at strengthening sustainability-aligned corporate governance and climate-risk management across Mexico’s capital markets. The initiative seeks to raise issuer standards to international levels, broaden access to sustainable financing, and attract new companies—particularly medium-sized firms—to the country’s debt and equity markets.

The agreement focuses on developing a new BIVA listing designation based on IFC’s Governance for Sustainability (G4S) methodology, a framework designed to embed governance, climate, and sustainability considerations into board oversight and enterprise risk management. The designation is intended to serve as a signal of credibility for institutional investors increasingly required to allocate capital under ESG mandates.