July 13, 2021 |
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
Mexican REIT plans to issue $600 mln in 10-year notes to pay off debt