Fibra Mty readies dollar bonds for local market

Fibra Mty readies dollar bonds for local market

Corporate & Sovereign Strategy Bonds Debt Fixed Income Funds Mexico

Fibra Mty, a real estate investment trust (REIT) in Mexico, is preparing to sell $115 million worth of 10-year, dollar-denominated bonds in the local market, according to rating reports. Fitch Ratings assigned the proposed 2031 notes a BB+ rating on the international scale and a AA(mex) on the local scale, based on the REIT's "good asset quality and strong financial profile characterized by high EBITDA margins." Fibra Mty's rental income, however, suffers from low diversification, the rating age

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