Fibra UNOissued unsecured bonds of 4.50 billion Mexican pesos in the Mexican market.
The bonds were issued in three tranches, comprising an issuanceof UDIS equivalent to roughly 2.50 billion pesos at a fixed real rate of 460 basispoints, with an 11-year maturity ending April 1, 2027; an issuance of 883.8 millionpesos at a TIIE rate plus 65 basis points, with a three-year maturity ending April11, 2019; and an issuance of about 1.12 billion pesos, corresponding to the reopeningof the fixed-rate bond of 2013, maturing Dec. 4, 2023, with a remaining term of7.6 years.
Proceeds are expected to be used to refinance existing debt withoutadding to its current debt level, once all payments are completed. As a result,Fibra UNO will extend its debt profile and maturity, while liberating guaranteeswith the issuance of the unsecured bonds.
The company said the transaction was oversubscribed 1.33x andall three tranches are rated AAA in the local rating system by HR Rating and Fitch.
As of April 13, US$1 wasequivalent to 17.48 Mexican pesos.