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Debt issuance and ratings

Cox Abg Group

Debt issuance

On December 15, 2025, the company registered the Green Commercial Paper Programme in the Alternative Fixed Income Market (MARF) with a maximum outstanding balance of €50 million and a term of 12 months. Subsequently, in March 2026, the maximum outstanding balance of the Programme was increased to €75 million in order to align its size with that of the Cox Group. The Base Information Memorandum of the programme is available in the Debt Issuances section.

The Green Commercial Paper Programme is linked to ESG criteria and includes specific sustainability targets and indicators, which have been subject to a Second Party Opinion issued by Serfiex.

The commercial papers issued to date can be consulted through the following link to the MARF website. (MARF Commercial Papers | BME Exchange)

2025: Base Information Memorandum - Supplement

2025: Base Information Memorandum

2024: Base Information Memorandum

Ratings

Credit Agency
Long-Term
Outlook
Last Action
HR Ratings
BBB-
Stable
26 March 2025
Ethifinance
BB+
Stable
12 January 2026

Warning. This credit rating is only an opinion about Cox Abg Group S.A.’s solvency and may be revised, suspended or withdrawn at any time by the rating agencies.

Cox Asset Mexico

Debt issuance

Issuer
ISIN
Series
Amount
Maturity
Coupon
Cox Asset Mexico SA CV
US22389AAA07
144A
USD 1,000M
01-08-32
7.125
Cox Asset Mexico SA CV
USP3172AAA45
RegS
USD 1,000M
01-08-32
7.125
Cox Asset Mexico SA CV
USP3172AAB28
144A
USD 1,000M
05-08-36
7.750
Cox Asset Mexico SA CV
US22389AAB89
RegS
USD 1,000M
05-08-36
7.750

Cox Asset Mexico Investor Presentation

Offering Memorandum

Ratings

Credit Agency
Long-Term
Outlook
Last Action
Fitch
BBB-
Stable
28 April 2026
Moody’s
Ba1
Stable
28 April 2026

Energy Follows Water

Projects

Results
& reporting

Luis Arizaga Zárate

Independent Director

Member of the Audit Committee

Date of appointment: September 17, 2024

Shareholding in Cox Abg Group, S.A.: 11,514 shares

Partner of Exus Management Partners (Exus) and GenuX Power, a global renewable energy platform with offices in nine countries, managing 11GW of installed capacity, including 2.6GW in Mexico between wind and solar energy projects. Holds a Master of Business Administration (MBA) from the Leonard N. Stern School of Business at NYU in New York, and a bachelors degree in Accounting and Finance from ITESM in Mexico.

Prior to joining EXUS in 2019, he founded EIRA Capital, an investment platform focused on Energy and Infrastructure transactions in Mexico, and Latin America. He was also part of Australia’s Macquarie Group in Latin America, where he spent more than 7 years in the Macquarie Capital and Macquarie Funds divisions, working on fund capital raising, equity investments, asset management activities, as well as third party advisory roles on energy and infrastructure transactions in Mexico and Latin America. During his years at Macquarie, he also held board positions in the several investments made by Macquarie which covered energy, public private partnerships, roads, and telecom companies. In addition, his previous involvement at financial institutions include positions in the investment banking teams of Deutsche Bank’s M&A group in New York, and Citibank’s M&A group in Mexico.

Other former relevant positions include his role as independent member of the investment committee of the Instituto del Fondo Nacional de la Vivienda para los Trabajadores (Mexican mortgages and housing government agency).

Enrique Riquelme Vives

Presidente Ejecutivo

Fecha de nombramiento: 17 de septiembre de 2024

Participación en el capital social de Cox Abg Group, S.A.: 50.612.744  acciones

COX

Presidente Ejecutivo de Cox, tras iniciar su andadura profesional en el sector inmobiliario y de la construcción, en 2010 fundó Grupo El Sol en Panamá, especializado en operaciones de minería, cemento, infraestructuras y energía. Con el tiempo, la empresa se convertiría en el mayor proveedor de arena de la UTE responsable de la ampliación del canal de Panamá. Posteriormente, pasó a liderar las fases de oferta y desarrollo de Rainbow 50: el proyecto fotovoltaico de mayor envergadura ejecutado en América Latina hasta aquel momento.

Ha recibido varios galardones por su contribución al mundo empresarial en España, entre ellos el Premio del Certamen Nacional de Jóvenes Emprendedores 2018. También ha sido distinguido como uno de los «100 latinos más influyentes comprometidos con la acción climática» y uno de los «100 españoles más creativos del mundo de los negocios» según la revista Forbes. Actualmente, es miembro del Consejo Internacional de la San Telmo Business School y preside el Consejo Asesor de la Fundación Scholas para Panamá, Centroamérica y Caribe.