IFLR1000

Terrafina $500 million 4.962% notes issue

18/7/2019
Investment grade bond/note issue
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$ 500 million

Announced

18/7/2019

Overview:

  • Terrafina, a FIBRA, issued $500 million 4.962% notes due 2029.
  • FIBRAs act as Mexican REITS (Real Estate Investment Trusts). 
  • Terrafina will use the proceeds from the issue to partially repay loans. 

Rani Mehta - Latin America Editor

Jurisdiction:

Mexico

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sectors:

Investment management
Real estate

Firms:
Cleary Gottlieb Steen & Hamilton

Party: Terrafina (Issuer)

Creel García-Cuéllar Aiza y Enríquez

Party: Terrafina (Issuer)

Lawyers: Carlos Aiza, Mercedes Haddad

Davis Polk & Wardwell

Party: BBVA Securities (Initial purchaser)

Party: JP Morgan Securities (Initial purchaser)

Party: Citigroup Global Markets (Initial purchaser)

Party: Barclays Capital (Initial purchaser)

Lawyers: Katia Brener, Maurice Blanco

Galicia Abogados

Party: BBVA Securities (Initial purchaser)

Party: JP Morgan Securities (Initial purchaser)

Party: Citigroup Global Markets (Initial purchaser)

Party: Barclays Capital (Initial purchaser)

Lawyer: Guillermo Pérez Santiago

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