Fibra Storage, a real estate investment trust dedicated to leasing self-storage units in Mexico, has successfully raised 1.5 billion pesos through its inaugural green bond issuance, making it the second Fibra to carry out this type of placement.
The company issued the bonds in two tranches. One of them amounted to 1.171 billion pesos, with a term of seven years and a fixed interest rate of 8.64%, which was 2.29 percentage points above the Bond Rate M.
The second tranche was for 329 million pesos, with a term of four years, and will pay a yield 1.5 percentage points higher than the reference interest rate.
Read the full article in Spanish:
Link ABOUT SiiLA
Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.