Prodemex opens books on Fibra-E

Prodemex opens books on Fibra-E

Capital Markets Equity IPO Energy Mexico

Prodemex started bookbuilding on Tuesday for its MXN7.54bn ($365m) Fibra-E equity vehicle that is slated to start trading on Mexico's BMV stock exchange today. Leads are offering at least 366.047m shares plus a shoe of 10.98m, according to the latest prospectus on the BMV. The price range was set between MXN18.5 and 21.5. Dubbed Fibra Estructura, the certificates come backed by two federal prisons, known as Cefereso, in Durango and Jalisco states, as well as the Solidaridad-Las Torres Avenue r

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