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Fibra Storage Issues its First Green Bonds
- Fibra Storage, a Mexican real estate investment trust specializing in self-storage units, raised 1.5 billion pesos through the issuance of green bonds.
06/06/2021
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
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