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Fibra Educa sets size for SLB sale

Fibra Educa sets size for SLB sale

May 26, 2023 | Rodrigo Alonso Cruz
Mexican REIT plans to raise at least $437 mln in mid-July, but it could increase the size of the deal to meet demand, CEO says

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

Mexican private education real estate investment trust (REIT) Fibra Educa expects to raise MXN7.8 billion to MXN8 billion ($437 million to $448 million) in a sale of sustainability-linked bonds (SLBs) in mid-July, CEO Raúl Martínez told LatinFinance. The REIT plans to use the proceeds to acquire assets and pay off a loan, Martínez said, adding that it could increase the size of the deal to as much as MXN12 billion to meet demand. "If there is appetite at a good price level, we can expand and we

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