Fibra Uno Raises US$441 Million in Oversubscribed Green Bonds
Mexico · Business Key Facts Green issuance Fibra Uno (FUNO) placed MXN 7,500 million (about US$441 million) in green bonds on the Mexican Stock Exchange (BMV). Heavy demand The offer drew MXN 18,000 million (about US$1.06 billion) in orders, roughly 2.5 times the amount issued. Debt refinance Proceeds will refinance two existing FUNO bonds: 26V-2V […] The post Fibra Uno Raises US$441 Million in…
Fibra Uno, Mexico's largest real estate trust, has successfully raised US$441 million in oversubscribed green bonds. This marks a significant shift in the country's real estate market, as investors are willing to pay a premium for green debt in Mexico, even amid high interest rates. The funds raised will primarily be used to refinance existing debt and invest in certified green projects, such as those with LEED, BOMA, and EDGE certifications, which focus on energy efficiency, water usage, and sustainable building materials.
Fibra Uno's move to secure this green bond issuance, despite the high interest rates, demonstrates the growing investor confidence in sustainable finance and could encourage other real estate investment trusts to follow suit, leading to more certified green buildings and potentially lower operating costs for tenants.
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