Fibra Uno exchanges stock market debt for bank debt with sustainable attributes

Fiber One (function), the diversified real estate investment trust in Mexico, under the management of the bank BBVA Mexicoclosed a loan linked to sustainability for 720 million dollars, an amount that may be increased up to a maximum of 750 million dollars.

Fiber One planned to issue bonds linked to sustainability on September 26 in the Mexican stock exchange (BMV). His goal was to raise up to 10,000 million pesos, within 10 years.

The loan, which was obtained from several banking institutions whose names were not revealed, will have a term of seven years, which represents the largest sustainable loan in the world. real-estate market in Mexico. The resources will be used by the real estate trust to refinance its liabilities.

“BBVA México congratulates Fibra Uno for the successful closing of the refinancing of its industrial portfolio for an amount of 720 million dollars in a sustainable credit format with a term of 7 years. The amount may be increased to a maximum of 750 million dollars”, indicated the financial institution in Mexico that acted as the only structuring bank and green agent.

In the statement, he added that the total amount of the transactions will have “a final take of 285 million dollars.” The loan was structured as sustainable financingwith the sustainability indicator (KPI) being the EDGE square meter certification.

Since this financing was placed under the KPI Linked modality or linked to sustainability, the credit margin is linked to compliance with the EDGE certification in at least 1 million square meters (m2) of its properties in the first five years.

“In a complex and volatile environment, the transaction had a significant excess demand, which confirms the confidence of the banks in Fibra Uno and the value of its credit”, commented the General Director of Corporate and Investment Banking of BBVA in Mexico Alvaro Vaqueiro.

Fiber One It is one of the largest of its kind in Mexico and Latin America. Its portfolio of 663 properties adds up to more than 11 million square meters, with an occupancy of 93.2% and covers the industrial, commercial and office segments, among others.

Among the buildings he owns are the Torre Mayor and the Torre Diana, in Mexico City; in addition to the La Isla shopping center in Cancun, Quintana Roo.

It is currently planning the second phase of the development of the Mítikah mixed-use complex in Mexico City, which has the tallest residential building in the country.

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