Fibra Soma takes orders for first cross-border bonds

Fibra Soma takes orders for first cross-border bonds

Corporate & Sovereign Strategy Bonds Credit Ratings Fitch Ratings Debt Fixed Income Mexico Capital Markets

Mexican real estate investment trust (REIT) Fibra Soma started calling investors on Monday to present a 10-year, benchmark-sized bond sale, said a source involved in the deal. The Mexico City-based REIT has hired BBVA, Goldman Sachs, JPMorgan and Santander to lead the debt deal, looking to raise money to refinance debt and cover general corporate purposes, the source said. Fitch Ratings said Monday that it assigned a first-time rating of BBB- to Fibra Soma's expected sale of $600 million in 2031

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