Holland & Knight Advises Fibra UNO on $600 Million Senior Unsecured Green Bond Issuance

MEXICO CITY (February 9, 2024) – Holland & Knight advised Fibra UNO (BMV: FUNO11) on its senior unsecured green bond placement for US$600 million, the first of its kind issued by a Mexican real estate investment trust (REIT). The bond is placed at par with a coupon of 7.375 percent and a final bullet maturity of 10 years in February 2034. The placement took place on February 7.

BBVA, BofA Securities and Santander acted as global coordinators of the issuance. Citigroup, Goldman Sachs, HSBC, J.P. Morgan and Scotiabank acted as joint bookrunners; Banco Sabadell and Actinver as co-managers; and BofA Securities as green structuring agent.

Based in Mexico City, Fibra UNO is the first Mexican real estate investment trust and the biggest in Latin America.

Holland & Knight's representation of Fibra UNO was led by Partners Guillermo Uribe Lara, Adrian Gay Lasa and Alejandro Landa and Associates Jorge Gonzalez, Santiago Noriega and Cristobal Ortiz Monasterio in Mexico City, along with Partner Stephen Double, Associate Maria De Bedout and Law Clerks Benjamin Cuevas in New York and Emilio Del Real Pascual in Miami.

Holland & Knight has been an important counselor to Mexico's FIBRA market since the inception of the first Mexican FIBRA in 2011. Members of our team have advised Fibra UNO on all of its major transactions since then.