Fibra Looking to Go Large with Local Bond

Fibra Looking to Go Large with Local Bond

Mexico Bonds

Mexico’s Fibra Uno real estate trust is targeting MXP13bn-MXP18bn ($983m-$1.3bn) in what would be the first-ever domestic bond placed by a Fibra fund, say bankers familiar with the deal. It had initially targeted MXP10bn. The real estate fund is considering up to four tranches and may choose among a 5.5-year floating rate bond, 10-year and 20-year fixed-rate bonds and 15-year UDI-denominated notes. Proceeds will be used to refinance bank debt. BBVA Bancomer, Banamex, Credit Suisse and Santander

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