Fibra Educa sets size on SLBs

Fibra Educa sets size on SLBs

Bonds Debt Loans M&A Mexico Sustainability-Linked Sustainability Bonds Capital Markets ESG

Mexican private education real estate investment trust (REIT) Fibra Educa plans to issue MXN10 billion ($514 million) in sustainability-linked bonds (SLBs) in the first quarter next year, CEO Raúl Martínez told LatinFinance on Tuesday. "With these resources, we will do two things. One is to prepay the credit line that we have... and to go out for acquisitions," Martínez said. Fibra Educa eventually wants to replace the existing credit line with a revolver "to have the speed to respond to opportu

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