Debut Mexico REIT Fails to Launch

Debut Mexico REIT Fails to Launch

Mexico Equity Structured Finance

What was to be Mexico’s first REIT has been postponed, according to bankers managing the transaction. The Fibra Uno deal brought by Grupo E, expected to raise around MXP5bn, failed to generate demand within its target MXP21-MXP23 range, according to sources familiar with the deal. They add that the book was well bid at MXP18. The 230m certificate deal would have raised MXP4.1bn at that price, assuming the maximum number of shares was sold. It started marketing last month and was targeting a Febr

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