The first green bond for a REIT in Mexico is issued by Fibra Prologis

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FIBRA Prologis is a leading Mexican real estate investment trust formed to acquire, own and manage Class-A industrial real estate in Mexico.

MEXICO CITY (December 14, 2020) – Mexican real estate investment trust (REIT) Fibra Prologis has issued a green bond worth $375 million, becoming the first REIT in the country to place such a bond, the Mexican stock exchange (BMV) said on Tuesday.

The bond carries a maturity of up to 12 years, and Fibra Prologis will use the funds raised to make investments in green facilities, improve the energy efficiency of its portfolio and back renewable energy projects, the BMV said in a statement.

The bonds received a national AAA rating and BBB international rating from Fitch and HR Ratings, the BMV said.

Fibra Prologis has a portfolio of over 200 properties focused on logistics and manufacturing.

The brokerage houses of banks BBVA Bancomer and HSBC acted as lead managers in the operation, the BMV said.

Source: Reuters

Mexico Daily Post