The company has submitted a request to the BMV, stating that the debt program will span five years, during which it can issue one or more series of securities as long as it does not exceed the authorized amount. 

The specific allocation of funds from each issuance will be described in the corresponding announcements," said the issuer, without disclosing the date or amount of the first issuance. FIBRA HD manages a portfolio of 41 properties for commercial, industrial, educational, and office use, totaling 309,026 square meters of gross leasable area. The reported occupancy rate stands at 90.46%. In October 2021, the real estate trust reduced in size after selling 70.90% of its capital to FIBRA Plus, marking the first merger of its kind among Mexican REITs. In this transaction, holders who sold their participation in FIBRA HD exchanged their shares for FIBRA Plus certificates at a ratio of 1 FIBRA Plus certificate for every 2.5 shares. 

A total of 309.9 million FIBRA HD's real estate trust certificates were issued, currently valued at 9.968 billion pesos in the stock market. Trading activity for FIBRA HD's real estate trust certificates (CBFIs) on the BMV has been low, with a trading price of 2.49 pesos per unit at Wednesday's close, reflecting a 0.80% decrease compared to the beginning of the year. 

The company had previously submitted a request to establish a debt program in March 2022. By revisiting this objective, FIBRA HD becomes the first firm to seek long-term corporate debt financing on the domestic market in 2023. This follows the settlement of a bond issued in 2019 worth 1.388 billion pesos, which was paid using the proceeds from a syndicated credit received on November 7, 2022, totaling 4.5 billion pesos.

Despite market uncertainties, companies continue to show demand for long-term debt financing on the Mexican Stock Exchange. In the previous year, a total of 192.951 billion pesos were raised through 74 offerings of securities.

Read the full article (in Spanish).