Holland & Knight Advises Fibra UNO on MX$12.7 Billion Sustainability-Linked Bond Issuances
MEXICO CITY (May 30, 2025) – Holland & Knight advised Fibra UNO (BMV: FUNO11) in connection with two sustainability-linked bond issuances of an aggregate amount of MX$12.7 billion (approximately US$658 million), including MX$3.7 billion (approximately US$192 million) of sustainability-linked FUNO 25L bonds and MX$9 billion (approximately US$466 million) of sustainability-linked FUNO 25-2L bonds. The issuance took place on May 30, 2025.
The bonds included an environmental, social and governance (ESG) sustainability-linked feature, which links the interest rates of the bonds to Fibra UNO's sustainability strategy of maximizing the gross leasable area of its properties that have received environmental certifications from leading green building certification schemes, such as Leadership in Energy and Environmental Design (LEED), Building Owners and Management Association (BOMA) and Excellence in Design for Greater Efficiencies (EDGE). Fibra UNO will use the proceeds to repay its FUNO 15 and FUNO 21-2X bonds due this year.
Actinver Casa de Bolsa S.A. de C.V., Grupo Financiero Actinver, Casa de Bolsa Banorte S.A. de C.V., Grupo Financiero Banorte, Casa de Bolsa BBVA México S.A. de C.V., Grupo Financiero BBVA México, HSBC Casa de Bolsa S.A. de C.V., Grupo Financiero HSBC, Casa de Bolsa Santander S.A. de C.V., Grupo Financiero Santander México, and Scotia Inverlat Casa de Bolsa S.A. de C.V., Grupo Financiero Scotiabank Inverlat acted as lead placement agents; and Intercam Casa de Bolsa S.A. de C.V. Intercam Grupo Financiero acted as co-lead.
Based in Mexico City, Fibra UNO is the first Mexican real estate investment trust (REIT) and the largest in Latin America.
Holland & Knight's representation of Fibra UNO was led by Partner Guillermo Uribe Lara, with assistance from Associates Jorge Gonzalez Carlini and Carlos Guijarro Justo. The Firm also acted as deal counsel to the placement agents involved in the transaction.
Holland & Knight has been an important counselor to Mexico's FIBRA market since the inception of the first Mexican FIBRA in 2011. The Mexico City-based team has advised Fibra UNO on all of its major transactions since 2014.
More information on the transaction can be found here.