Fibra Danhos places its first sustainability-linked bond

The Mexican company Fibra Danhos, an investment trust established to develop, operate and acquire commercial real estate assets (REIT), has issued long-term Trust Stock Certificates in the Mexican market for an amount in local currency equivalent to 147.5 million dollars, being its first placement of Sustainability-Linked Bonds (SLB). The proceeds will be aimed at refinancing liabilities and general corporate purposes.

The placement was over-subscribed by 2.75x the issued amount through a diversified base of eleven institutional investors including Afores, Insurance Institutions, Fund Administrators and private banks. The 7-year term bond maturing in August 2030, was issued at a 10.67% fixed annual rate. The transaction has received a credit rating of HRAAA by HR Ratings and AAA (mex) by Fitch Ratings.

The Sustainability-Linked Bond Framework includes certain Key Performance Indicators (KPIs) aligned with Fibra Danhos’ strategy. Compliance with the KPIs will be verified and accredited by an independent third-party and will be monitored through the publication of the company’s Integrated Annual Report.