Presenting a demand of 1.9 times the amount raised, fiber Monterrey, managed to conclude its seventh capital issue on the Mexican Stock Exchange (BMV), thus managing to raise a total of 7,810.4 million pesos.

The aforementioned capital is equivalent to 467.9 million dollars, if an exchange rate of 16.69 pesos per dollar is considered at the close of March 14, 2024.

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The operation, which has the objective of financing the acquisition of industrial warehouses, obtained interest from international investors, since it captured the attention of 56% of foreigners and the remaining 44% of the capital was the product of the offering of securities in the local market.

The sale of 679 million 166 thousand 677 Real Estate Trust Certificates (CBFIs) was carried out at a price of 11.50 pesos, the number of securities placed was based on the over-allotment option.

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The funds obtained are mainly used for the acquisition of industrial warehouses and other general corporate purposes, with a current portfolio of 106 properties and an occupancy rate of 96.3%, fiber mty recognizes the great positive impact that Mexico has had with the foreign investment produced by nearshoring.

Finally, the company plans to focus in the short term on the industrial sector, especially the automotive and export manufacturing, logistics and distribution.

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Original Note.