IDEAL sizes Fibra-E offering

IDEAL sizes Fibra-E offering

Debt Equity Capital Markets Project & Infrastructure Finance M&A Regulation Mexico Canada

Mexican infrastructure developer IDEAL said it plans to offer MXN25.8 billion ($1.35 billion) worth of units in an infrastructure and energy investment trust called a Fibra-E this year, according to a securities filing. IDEAL agreed to form the Fibra-E in November last year, when it reached a deal to sell a 40% stake to the Canadian pension funds Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers' Pension Plan (OTPP). CPPIB, OTPP and some of IDEAL's shareholders will fund the Fibr

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