FibraSOMA (BIVA: SOMA 21) a Mexican real estate investment trust focused on the acquisition, leasing, and management of for-lease properties in Mexico, announced today that it has successfully issued a US$600 million senior unsecured bond in the international markets with an order book that was 2.3 times oversubscribed. This makes it the largest Mexico single tranche debut issuance since 2018.

This bond is due in July 2031 and has a 4.375% coupon. The issuance was priced at 99.607 implying a yield of 4.424%, the lowest ever 10-year USD bond financing issued by a Fibra. The notes are listed in the Irish Stock Exchange (Dublin) and were rated BBB- by Fitch and Ba1 by Moody’s, with a stable outlook from both agencies.

The company will use net proceeds from the issuance for general corporate purposes and operation, as well as to refinance existing liabilities.

“At FibraSOMA we are very pleased with the result of this transaction, our first in the international markets. It represents a paramount step towards the success of our business strategy and strengthens our position by extending the maturity and optimizing the structure of our debt.”

– José Juan Sordo Madaleno de Haro, CEO FibraSOMA