The lessor of mini-warehouses in Mexico, Fibra Storage, will become a green bond issuer. Through its first offer, it plans to raise up to 1,500 million pesos, resources that it will use to refinance its debt, as well as to develop and acquire properties with an environmentally "friendly" approach.

After making public the characteristics of its offer, it explained that it plans to make its debut on May 18 on the Mexican Stock Exchange (BMV), thus becoming the second Fibra to place green debt in the local market, after Fibra Prologis has made two offers.

The offer of the green bonds will be divided into two tranches that will have an estimated term of four and seven years, which will be offered with a variable and fixed interest rate, respectively.

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With the loan, the real estate investment trust will refinance "primarily debt, as well as the development and acquisition of properties," the issuer said in an investor presentation.

Fibra Storage is a Mexican trust specialized in operating and developing mini-warehouses for self-storage in Mexico for different types of clients. Sizes range from 2 square meters (lockers) to up to 100 square meters.

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He owns 21 properties totaling 153,769 square meters. Of all these, 16 are in operation; seven stabilized and nine in the stabilization process. Additionally, it has five lots for future developments. The properties are located in Mexico City.

Learn more about the key indicators of the industrial markets of Mexico City and Tecate in our market reports.

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