UniCCo: Pioneer Sustainable Issuance in Mexico (IDBI-15559-01)

Countries
  • Mexico
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 13, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Union de Crédito para la Contaduría Pública S.A. de C.V.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 34.90 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 34.90 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 34.90 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IDBI website

Updated in EWS May 12, 2026

Disclosed by Bank Dec 4, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the IDBI, the proposed transaction consists of IDB Invest's participation as an anchor investor in a thematic securitization of up to MXN$1 billion issued by a trust established in Mexico. The issuance is structured as a securities certificate, backed by a loan portfolio originated by the Union de Credito para la Contaduria Publica (Public Accounting Credit Union)S.A. de C.V. ("UniCCo" or the "Program Participant") with IDB Invest subscribing to up to MXN$600 million, while the remaining MXN$400 million is anticipated to be acquired by other institutional investors. The funds raised will be allocated to augment the financing offered by UniCCo in the form of subloans directed towards its social portfolio (Small and Medium-Sized Enterprises or "SMEs"), green portfolio, and social portfolio with a gender perspective.

Additionally, through technical advisory services, IDB Invest will help UniCCo establish the foundations, key products, and requisite actions to position it, in the near future, as a preeminent institution in the sustainable financing sector, focusing primarily on women-led SMEs and green credit.

The issuance to be signed by IDB Invest will have the following characteristics: (i) it will consist of senior bonds denominated in Mexican Pesos ("MXN$"); (ii) it will have a term of up to five years, including a revolving period of up to two years; (iii) it will be thematic and labeled as a sustainable bond; and (iv) it will be aligned with the International Capital Market Association ("ICMA"). The funds derived from the issuance will enable UniCCo to originate new green loans and loans to SMEs in Mexico, particularly those led by women.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

PHONE NUMBER: +52 55 1102 0100

POST OFFICE ADDRESS: Insurgentes Sur No. 1898, Piso 10, Col. Florida Alcaldia Alvaro Obregon, C.P. 01030, Mexico City - Mexico

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://www.iadb.org/en/access-information/information-request

ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IDB Invest)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IDB Invest is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).

How it works

How it works