The most recent project is US$300 million in private bonds linked to sustainability, which is being launched to the market in three phases.
The initial phase, for US$100 million, has already been placed, and IDB Invest (member of the IDB Group) announced this Monday, June 15, that it has completed its participation as an anchor investor in the first international private issuance of bonds linked to Mobiliare’s sustainability, for US$50 million.
While two entities, such as Banco Industrial through its subsidiary BI Bank in Panama; and Banco General, SA, of Panama, participate with US$25 million each, according to Guillermo Montano, general director of Mobiliare, in statements to Free press.
The IDB and the company explained that this operation is carried out under the IDB Invest business model, called Originate to Share, with which the access of corporate issuers to global capital markets is expanded and options are presented to different investors.
Reissue
Montano explained that it is the issuance of bonds called 4A2 for US$300 million in three phases, and that the first has already been launched, while they anticipate that the second will be placed in the rest of 2026 and the third in 2027.
The executive indicated that the issue is for a seven-year term and that the amortization will be at maturity.
Regarding the funds, he explained that they will be used for the expansion of the company in the region, not only in Guatemala, but also in projects in other markets where it operates in Latin America such as Peru, Mexico, Costa Rica, El Salvador, Colombia, Ecuador, Honduras and Nicaragua. The requirement is that the projects have a sustainability variable.
Daiann Irigoyen, Strategy Director at Mobiliare, explained that the company is dedicated to providing solutions for distribution, manufacturing, supply chain and service provision companies. It consists of custom constructions, a modality in which the client tells them from the location they are looking for to the size and specifications they require from their distribution centers or production plants. He added that, once the terms of the contract are agreed, Mobiliare acquires the land and development begins.
In the area of sustainability, at the end of 2025, Mobiliare has 55 projects with LEED, EDGE or FITWEL certification, which represent more than 60% of its certifiable gross leasable area of its portfolio; In addition, there are 23 additional projects in the certification process this year, it was indicated in a bulletin.
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“It is of significant importance that a multilateral like the IDB trusts a Guatemalan company for the execution of such important amounts, since multilaterals are normally very focused on helping countries and banks, but private companies like ours are not a common transaction for the IDB,” said Montano.
To reach this moment, there was a lot of work involved, including the evaluation of the credit agencies Fitch and Moody’s, which rated the company very positively, the executive added.
In 2025, the company had already managed to issue another type of bond in New York for US$500 million.
Montano highlighted the importance of Guatemalan companies considering that they can gain access to this type of financing. He explained that, to participate in capital markets abroad, the company has had a evolution in your search for financing through the years.
He explained that Mobiliare is a relatively young company that is growing and has been able to access the capital markets with competitive rates and more efficient terms, which is why it believes that many other Guatemalan companies can do it.
The participation of the IDB
Mobiliare’s new bond issue is the first international issue of a corporation in the real sector – different from the financial sector – with its main domicile in Guatemala in which IDB Invest participates, the institution explained.
Rodrigo Navas, director of the Corporate Clients team for Central America, Haiti, Mexico, Panama and the Dominican Republic, said that IDB Invest is the private arm of the Inter-American Development Bank Group (IDB).
In Latin America, around 60 thematic bond placements of a social, green or sustainable nature have been carried out, and this type of operations helps the growth of capital markets and the development of countries, he explained.
In this case, Navas confirmed that IDB Invest acquires US$50 million of the issue, while the two private entities acquired US$25 million each.
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He explained that IDB Invest’s business model is Originate to Share, in which one of the most important aspects is the mobilization of private capital towards the projects they help structure. Therefore, he highlighted that having the participation of these two banks is relevant.
He added that the projects promoted by Mobiliare generate impact, since they attract foreign direct investment, which in turn generates quality jobs and an important economic benefit for the countries.
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private investment
On behalf of BI Bank Panama, Silvia Elena Kilborn, vice president of Corporate Banking, and Alexis Bethancourt, vice president of Correspondent Banking and Treasury, commented on what motivated the entity to participate in this investment.
Kilborn explained that the firm is part of BI Corporation and that they have participated in other transactions with Mobiliare.
Regarding the current bonds, they consider that it was a good opportunity for BI Bank Panama, not only because of the performance, but because it is a sustainability bond related to social and environmental responsibility, which the company supports.
Bethancourt indicated that they participated as individual investors and positively value the structure of the project presented to the market by the IDB Invest, since when that entity leads this type of structures it facilitates the decision and investment processes.
He pointed out that this type of placement of corporate bonds or other securities can contribute to the growth of the stock and capital market of Guatemala.
Separately, Federico Albert, executive vice president of International Banking at Banco General, SA, of Panama, explained that they decided to invest in this bond linked to sustainability because Mobiliare has been their client for years, and the issuance is aligned with two priority areas for the bank: sustainability and the environment.
He indicated that they have worked for more than 10 years on sustainability issues, especially on the impact of environmental risk on the credit portfolio and on their clients.
Banco General has operated in Guatemala for more than 25 years under the representative office modality. Guatemala is a relevant country not only because of the size of its economy in Central America, but also because of the dynamism of its entrepreneurs, whose companies have managed to expand and become multi-Latin, Albert added.