H&K advises Fibra UNO on green bond placement
Holland & Knight has advised Fibra UNO on its USD $600 million senior unsecured green bond placement, the first of its kind issued by a Mexican real estate investment trust (REIT).
The bond is placed at par with a coupon of 7.375 per cent and a 10-year bullet final maturity in February 2034. The placement took place on 7 February.
BBVA, BofA Securities and Santander acted as global coordinators of the issue; while Citigroup, Goldman Sachs, HSBC, J.P. Morgan and Scotiabank acted as joint bookrunners; Banco Sabadell and Actinver as co-managers; and BofA Securities as green structuring agent.
Headquartered in Mexico City, Fibra UNO is Mexico’s leading real estate investment trust and the largest in Latin America.
H&K’s team was led by partners Guillermo Uribe Lara (pictured left), Adrián Gay Lasa (pictured centre) and Alejandro Landa (pictured right), with support from associates Jorge Gonzalez, Santiago Noriega and Cristobal Ortiz Monasterio in Mexico City, along with partner Stephen Double, associate Maria De Bedout and law clerks Benjamin Cuevas in New York and Emilio Del Real Pascual in Miami.
