Post by account_disabled on Mar 10, 2024 0:06:11 GMT -6
The Mexican company Fibra Uno announced that it is the first company in the real estate sector in the country to have a syndicated revolving credit line linked to sustainability in Latin America, by obtaining financing equivalent to ,0 million pesos (with a tranche of up to for ,00 million pesos and another for up to 0 million dollars).
This margin is linked to the company's credit France Mobile Number List rating and the evolution of a sustainable indicator, which is energy consumption savings.
In an interview with ExpokNews, Jorge Pigeon, vice president of Investor Relations and Capital Markets, expressed that “if we speak colloquially, it would be said that this transaction is similar to being given a credit card worth . billion pesos for start spending, although in the end you must demonstrate that your investments were made under sustainability parameters.
He added that "in our case it will be under the energy efficiency scheme, since the commitment is to reduce the use of energy saved per square meter in the operations (properties) managed by the company", which range from shopping centers to offices, warehouses, apartments, etc.
Some of the actions to meet this objective will be changes to lighting fixtures, modification of structures, renewal of electrical connections, use of renewable energy, acquisition of smart lights, training of personnel, use of ecological materials, etc.
The director of Fibra Uno said that the central objective is to reduce energy consumption by % in all the facilities where they have influence, an issue that he classified as an enormous challenge, since Mexico is growing in energy consumption at a rate of % annually.
He clarified that the energy expenses by the companies established on these properties do not concern this Fibra Uno credit.
He exemplified that "if a steel foundry is placed on a certain land, its energy expenditure for its industrial processes is their responsibility."
It is worth mentioning that this is the first voluntary sustainable transaction of a company in the real estate sector in the region and the first syndicated transaction that is carried out under the “Sustainability-Linked Loan Principles” concepts in Latin America, which is accompanied by the banks BBVA (sole sustainable agent) and Banco Santander (sole administrative agent), acting as 'joint bookrunners' and 'lead arrangers' in this operation in which a total of banking entities participate.