Orbia Advance Corporation, S.A.B. de C.V. (“ORBIA”) (BMV: ORBIA*), announces that it has successfully completed the first reopenings of its first and second notes issuances, for a total amount of $10,000,000,000.00 (ten billion Pesos 00/100), in the Mexican market, under the revolving short and long-term shelf registration program (the “Program”), authorized for Orbia by the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores or CNBV) on November 15, 2022, and subsequently extended and authorized to a total aggregate amount of $20,000,000,000.00 (twenty billion Pesos 00/100) on August 8, 2023. The reopening of the first issuance was for an amount of $2,100,000,000.00 (two billion one hundred million Pesos 00/100), due on December 4, 2025, accruing interest at a variable rate of 28-day TIIE (interbank rate) + 40 basis points, and the reopening of the second issuance was for an amount of $7,900,000,000.00 (seven billion nine hundred million Pesos 00/100), due on November 25, 2032, accruing interest at a fixed annual rate of 10.63% (ten point sixty three percent). Both issuances feature a “sustainability-linked bond” element.
One year ago