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Prudential Fibra Lands at Low End

Mar 20, 2013

Prudential Real Estate Investors has priced a MXP9.52bn ($765m) IPO for the Terrafina Mexican real estate trust, coming at the bottom of the range. On offer were 340m primary shares pricing at MXP28.00 each, according to people familiar with the sale, versus a MXP28.00-MXP32.00 range. The share total assumes...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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