Post by nurnobisorker02 on Feb 28, 2024 4:06:05 GMT
FIBRA Storage , a real estate investment vehicle specialized in operating and developing mini-warehouses for self-storage, debuts in the Green Bond Market with an issue for 1.5 billion pesos carried out on the Mexican Stock Exchange (BMV). This issue consisted of two series, with terms of four and seven years at a fixed and variable rate, respectively, whose ticker codes are STORAGE 21V and STORAGE 21V-2. The bonds received a national AA rating from rating agencies HR Ratings and Fitch Ratings. The placement intermediaries were Grupo Bursátil Mexicano, SA de CV, Casa de Bolsa and Casa de Bolsa Banorte, SA de CV, Grupo Financiero Banorte. The funds obtained through the issuance will be used mainly to finance projects that meet the criteria of Sustainable Water Management, Energy Efficiency and Sustainable Infrastructure. “In recent weeks there has been an increase in bond issues in the Stock Market.
As a reference, in May alone more than 25 billion pesos were placed in long-term debt issues. In this sense and, already in the sixth month of the year, from the BMV we are pleased to see the issuance of the Fibra Storage Green Bond, since it confirms that Fibras can issue thematic bonds and that Anhui Mobile Number List there is interest on the part of investors for this type of assets. Our recognition goes to the FIBRA Storage team, as well as to GBM and Banorte as leading underwriters,” commented José-Oriol Bosch, general director of the BMV Group. “This placement is an important step for FIBRA Storage, as it represents a vote of confidence, both with the company's expansion plan and with the resilience of the asset class.
We are very excited to issue Green Bonds because it reflects our ongoing commitment to sustainability and best practices to benefit our environment. I thank the work team that participated in this transaction,” said Diego Isita Portilla, general director of FIBRA Storage. FIBRA Storage's business model is supported by the experience of its administrator U Storage, a pioneering company in the development and management of mini-warehouses in Mexico and with high standards of sustainable development. Since 2016, the sustainable winery development strategy has prioritized energy efficiency and efficient use of water. FIBRA Storage's environmental objectives consist of the use of energy from renewable sources, the reduction of emissions and sustainable water management through the use of rainwater. Fibra Storage debuted on the BMV in 2018 with a public offering for 271 million pesos.
As a reference, in May alone more than 25 billion pesos were placed in long-term debt issues. In this sense and, already in the sixth month of the year, from the BMV we are pleased to see the issuance of the Fibra Storage Green Bond, since it confirms that Fibras can issue thematic bonds and that Anhui Mobile Number List there is interest on the part of investors for this type of assets. Our recognition goes to the FIBRA Storage team, as well as to GBM and Banorte as leading underwriters,” commented José-Oriol Bosch, general director of the BMV Group. “This placement is an important step for FIBRA Storage, as it represents a vote of confidence, both with the company's expansion plan and with the resilience of the asset class.
We are very excited to issue Green Bonds because it reflects our ongoing commitment to sustainability and best practices to benefit our environment. I thank the work team that participated in this transaction,” said Diego Isita Portilla, general director of FIBRA Storage. FIBRA Storage's business model is supported by the experience of its administrator U Storage, a pioneering company in the development and management of mini-warehouses in Mexico and with high standards of sustainable development. Since 2016, the sustainable winery development strategy has prioritized energy efficiency and efficient use of water. FIBRA Storage's environmental objectives consist of the use of energy from renewable sources, the reduction of emissions and sustainable water management through the use of rainwater. Fibra Storage debuted on the BMV in 2018 with a public offering for 271 million pesos.