Terrafina's underwriters fully exercised greenshoe option for CBFIs in its global offering.
M2 EQUITYBITES-July 25, 2017-Terrafina's underwriters fully exercised greenshoe option for CBFIs in its global offering
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Terrafina (BMV:TERRA13) reported on Tuesday that the underwriters of its recent global offering, fully exercised their greenshoe for additional real estate trust certificates (CBFIs).
Accordingly, the total over allotment option represents 23,940,788 CBFIs and the company said that the settlement will take place on 25 July 2017.
Also, the global offering was completed on 19 July 2017, in which 40% of the CBFIs were placed in Mexico and 60% in the international markets. Also, the offering was 2.5 times oversubscribed due to institutional demand, the company added.
A Mexican industrial real estate investment trust, Terrafina acquires, develops, leases and manages industrial real estate properties in Mexico. It is externally advised by PGIM Real Estate, the real estate investment business of PGIM Inc, which is the global investment management business of Prudential Financial Inc (NYSE:PRU).
Prudential Financial is a financial services company with over USD1.1trn of assets under management as of 31 March 2017, it has operations in the US, Asia, Europe and Latin America.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jul 25, 2017|
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