FIBRA Prologis Prices US$375 Million of Green Bonds
- FIBRA Prologis, a Mexican industrial real estate company, has priced a green bond offering for Long Term Trust Certificates totaling $375 million.
- The proceeds will be used to repay outstanding term loans and fund eligible green projects, marking the first green bond of its kind for a real estate company in Mexico.
FIBRA Prologis, a prominent industrial real estate company in Mexico, has announced the pricing of a green bond offering for Long Term Trust Certificates. The total issuance amount is USD$375 million, to be amortized over 12 years. The proceeds from the offering will be used to repay outstanding term loans and fund eligible green projects. This offering, denominated in U.S. dollars, marks the first green bond of its kind for a real estate company in Mexico and reflects FIBRA Prologis' commitment to sustainable investments. The settlement is expected to close on December 8, 2020.
Jorge Girault, Senior Vice President of Prologis Property Mexico, expressed gratitude for the trust placed in this offering by fixed income investors and highlighted the strengthening of the company's balance sheet. The joint book-running managers for the offering are Casa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero BBVA Bancomer, and HSBC Casa de Bolsa, S.A. de C.V., Grupo Financiero HSBC. It is important to refer to the offering documents and official reports for comprehensive information regarding the Notes and FIBRA Prologis, which can be accessed through official regulatory websites.
FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico, with a portfolio consisting of 201 logistics and manufacturing facilities in six industrial markets. As of September 30, 2020, the company's gross leasable area totaled 39.0 million square feet (3.6 million square meters).
