Holland & Knight advises Fibra UNO on $500m debt issuance
Holland & Knight advised Mexican real estate investment trust Fibra UNO (FUNO) on a successful debt issuance for approximately $500 million, and which was registered on the Mexican Stock Exchange on September 18.
Given that the amount of demand exceeded 10 billion pesos, FUNO exercised the over-allotment option, exceeding the initial objective amount of 6 billion pesos ($318 million).
FUNO is Mexico’s first and largest real estate investment trust, with 230bn pesos ($12 billion) of real estate assets under management, and around 22.4 billion pesos ($1.2 billion) of projects in the pipeline.
“With this issuance, FUNO marks a new milestone in the capital markets and reopening the market for corporate debt issuance in Mexico in the second half of this year,” the company said.
“Additionally, the success of this offering shows the market’s confidence in Fibra UNO,” it added.
FUNO has been advised by Holland & Knight team members on all of its finance transactions since 2011.
Holland & Knight acted as deal counsel for Fibra UNO, as well as underwriters Santander, HSBC, Actinver, Citibanamex and BBVA.
The law firm’s Mexico City-based partner Guillermo Uribe Lara led the team with assistance from associates Adrian Gay Lasa, Jorge Gonzalez Carlini, Santiago Soldevilla Gutiérrez and Mirna Ordaz Avilés.
