Funo to keep eye on markets after pulling Reg S deal

Mexico City, Femsa, LatAm, Reforma
By Oliver West
30 Jun 2020

Mexican real estate investment trust (Reit) Fibra Uno will monitor markets as it continues to look for liability management opportunities after pulling a proposed Reg S-only trade last week, the company’s capital markets vice-president has told GlobalCapital.

Fibra Uno had set initial price thoughts on a reopening of its existing 2030s and 2050s last Tuesday but, unusually, had announced a Reg S only format. Without the support of US Qualified Institutional Buyers (QIBs) that can buy 144A paper, the conditions were not what the ...

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