BBVA acts as global coordinator and joint bookrunner in a placement of USD800 million in sustainability-linked bonds for Fibra Uno.

BBVA acted as global coordinator and joint bookrunner in the successful placement of USD800 million in unsecured sustainability-linked bonds on the international market for Fibra Uno (FUNO). The proceeds will be used to prepay another bond maturing in January 2026.

FUNO issued the bonds under its Sustainability-Linked Bond Framework, which has a second-party opinion from Sustainalytics. The deal was structured in two tranches:

• US$500 million at 7 years, with a coupon of 7.70%,
• US$300 million for 12 years, with a coupon of 8.25%.

The international response was positive, as evident in the bid-to-cover ratio of 2.5 times, signaling the market's confidence in FUNO and Mexico's potential.

To reinforce its commitment to sustainability, Fibra Uno linked this issuance to fulfillment of specific environmental goals: green certifications such as LEED, BOMA or EDGE for 26.6% of its portfolio by 2027 and 37.7% by 2030.

FUNO is the first and largest real estate investment trust in Mexico and Latin America, listed on the Mexican Stock Exchange since 2011. It has an extensive track record of acquisitions and real estate development and has become a benchmark in the regional real estate industry. Its portfolio includes 613 industrial, commercial and office properties and other segments, covering more than 11 million square meters of gross leasable area throughout the country.

BBVA Mexico appreciates FUNO’s trust in leading this transaction, on way it works toward the sustainable growth and development of companies in Mexico’s real estate industry.

This deal once again shows BBVA’s determination to support projects that drive the economy and promote responsible and sustainable practices in Mexico.