Fibra Hotel Prices Well Bid Follow-on

Fibra Hotel Prices Well Bid Follow-on

Mexico Equity

Concentradora Fibra Hotelera Mexicana has priced an equity follow-on that should raise MXP4.89bn ($382m), getting nearly 6x demand and coming at a 5.6% discount. The hotel real estate fund owned by Grupo GDI and known as Fibra Hotel is selling 196m primary shares, assuming a 15% greenshoe, at MXP24.95 each, according to people familiar with the sale. The price compares to Thursday’s MXP26.44 closing level. The sale was expected to be allocated roughly equally between international and Mexican tr

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial