Mexico’s Fibra Inn tenders for up to Ps. 1.88 billion notes due 2021

By Wendy Van Sickle

Columbus, Ohio, Jan. 18 – Deutsche Bank Mexico, SA, or Fibra Inn, is running a tender offer for up to Ps. 1,875,400,00 of its FINN 15 debt securities due 2021, according to a company news release.

The company is offering par for the securities.

The offer began on Jan. 4 and will run through Jan. 31.

Settlement is planned for Feb. 2.

The tender offer is being held in conjunction with a planned issuance of up to Ps. 2 billion of new 10-year debt securities.

Fibra Inn said its intent is to refinance the company’s liabilities in order to improve its debt profile and convert it to a fixed interest rate.

Fibra Inn is a Monterrey, Mexico-based real estate investment trust specializing in hotels.

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