Relevant Financial Information


Quarterly Conference
Call Audio

Quarterly Conference
Call Transcript

Annual Report

Annual Report

Annual Report


Amount (Ps. Million)$2,000$2,000$2,500$1,000$1,500$1,500$2,000
Issuance dateNov 15, 2013June 1, 2017August 25, 2020August 25, 2020June 29, 2022June 29, 2022October 29, 2019
Expiration dateNov 3, 2023May 20, 2027August 13, 2030August 19, 2025June 16, 2032June 25, 2025October 29, 2029
Term10 years10 years10 years5 years10 years4.5 years10 years
RateFixed – 8.02%Fixed – 9.22%Fixed – 7.78%Floating – TIIE28 + 89 pbFixed – 9.78%Floating – TIIE28 + 31 pbFloating – TIIE91 + 140 pb
CapitalBullet paymentBullet paymentBullet paymentBullet paymentBullet paymentBullet paymentBiannual
Placement BrokerCasa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero Bancomer

HSBC Casa de Bolsa, S.A. de C.V., Grupo Financiero HSBC
Casa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero BancomerCasa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero BBVA Bancomer

Citibanamex Casa de Bolsa, S.A. de C.V., Casa de Bolsa, integrante de Grupo Financiero Citibanamex
Casa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero BBVA Bancomer

Herdez – Prospectus (with exhibits) (Spanish only)

Fixed Rate Supplement (HERDEZ 20) (Spanish only)

Variable Rate Supplement – (HERDEZ 20-2) (Spanish only)

Roadshow Herdez 22L and 22-2L presentation

Rating agencyStandard and Poor’sFitch Ratings
Debt instrumentLocal Bonds HERDEZ13, HERDEZ17, HERDEZ20 & HERDEZ20-2
Release dateNovember 22, 2021May 09, 2022

Debt rating

  • Bank Loan
  • Herdez 20
  • Herdez 13
  • Herdez 20-2
  • Herdez 22-2L
  • Herdez 17
  • Herdez 22L

Rates Mix

Consolidated figures in millions of mexican pesos. The debt mix includes hedges.

Additional information

 200820092010201120122013201420152016201720182019202020212022 LTM
DPS (Shares)00030.10040.100000000
Dividend per share0.500.500.750.850.850.850.850.900.900.901.
Payout ratio37%29%41%48%46%60%48%100%54%37%37%44%51%59%59%

Dividends paid in cash and/or shares only consider shares outstanding, i.e., shares of the repurchase fund are not included.

DPS: dividend per share

Return = Ordinary dividend per share / Closing stock price on ex-dividend date.

2022*: Calculation based on the last 12 months.

Historical Dividends | Dividend Yield


Shares outstanding355 M
Treasury Stock15 M
EPS* LTM 2T22 vs LTM 2T21(2.0%)
Dividend payment59%
Dividend yield+3.5%

The main objective of the Buyback Program is to benefit the liquidity of the stock by increasing the volume traded. The Company buys the shares in the market and keeps them in the Treasury.

On April 21, 2022, the Shareholders’ Meeting approved a maximum amount of $2.5 billion pesos to be allocated for the Share Buyback Program and to be spent in the next 12 months.