Fibra Uno Reopens for $700m

Fibra Uno Reopens for $700m

Mexico Structured Finance Equity

Mexico’s Fibra Uno has priced a MXP8.88bn ($699m) reopening of its domestic real estate income trust, known as a Fibra. The fund sold 325m new shares at MXP23.75 each, for an MXP8.88bn size, assuming the exercise of a 15% greenshoe. The price represents a 3.1% discount to Wednesday’s MXP24.50 closing. The sale raises funds for Fibra Uno, the only Fibra launched since the creation of the asset class, to acquire new properties. The retap may be a good sign for the Fibra market, bankers say, as it

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