Fibra Prologis CBFIs Subscription Period Begins
- Fibra Prologis has initiated the subscription period for new Certificados Bursátiles Fiduciarios Inmobiliarios (CBFIs), aiming to raise 13.26 billion pesos for property acquisitions and debt repayment.
- Existing holders of Fibra Prologis' securities have the opportunity to purchase up to 255 million additional CBFIs at a price of 52 pesos per unit during the subscription period.
The subscription period for new Certificados Bursátiles Fiduciarios Inmobiliarios (CBFIs) of Fibra Prologis has begun. The real estate investment trust launched the offering on September 15, allowing its current holders to purchase the securities at a price of 52 pesos each. The subscription period will end on the 29th of this month.
Fibra Prologis aims to raise 13.26 billion pesos through this offering, which will be utilized for acquiring properties totaling $400 million, repaying a debt of $230 million, and covering general purposes of the trust. The company plans to use the funds from the additional CBFIs to expand its property portfolio throughout 2022 and the first quarter of 2023.
This offering is exclusively available to existing holders of Fibra Prologis' securities, with a maximum of 255 million additional CBFIs being offered at the subscription price of 52 pesos per unit. Fibra Prologis owns 227 logistics and manufacturing properties in six industrial markets in Mexico, encompassing a total gross leasable area of 43.4 million square feet.
