By Angela McDaniels
Tacoma, Wash., Oct. 19 – Deutsche Bank Mexico, SA, or Fibra Inn, issued Ps. 1 billion of floating-rate five-year certificados bursatiles fiduciarios (//AA-), according to a company news release.
The interest rate is TIIE plus 130 basis points.
The company said the issue was oversubscribed 1.3 times and was placed among debt investors, Afores, portfolio managers, insurance companies, investment funds and private banks.
Proceeds will be used to repay Ps. 350 million of bank debt and to invest in hotels.
The certificados bursatiles fiduciarios will be listed on the Mexican Stock Exchange.
Fibra Inn is a Monterrey, Mexico-based real estate investment trust specializing in hotels.
| Issuer: | Deutsche Bank Mexico, SA
|
| Issue: | Certificados bursatiles fiduciarios
|
| Amount: | Ps. 1 billion
|
| Tenor: | Five years
|
| Coupon: | TIIE plus 130 bps, payable every 28 days
|
| Price: | Par
|
| Announcement date: | Oct. 19
|
| Ratings: | Fitch: AA-
|
| HR Ratings: AA+
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
