ESG criteria are incorporated into the Fibra Danhos bond issue
Grupo En Concreto | August 24, 2023 |

Fibra Danhos, a real estate investment trust focused on the development, acquisition, and management of shopping malls, offices, and mixed uses, issued Bonds linked to Sustainability for 2,500 million pesos on the Mexican Stock Exchange (BMV).

In a statement it is detailed that the performance indicators of the bond will be linked to the reduction of the intensity of greenhouse gas emissions; sustainable building through the management of energy, water, waste and emissions; and gender equality in leadership and decision-making positions.

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This placement of Fibra Danhos is part of its strategy and commitment to ESG (Environmental, Social and Governance) criteria, which allowed it to develop a financing framework linked to sustainability to further align its funding strategy with its corporate commitments and with sustainability.

Fibra Danhos has made significant progress in ESG areas. 21.8% of its gross rentable area is certified under LEED standards. Likewise, it completed the installation of 1,073 solar panels in shopping centers such as Parque Tepeyac and Parque Delta, in addition, it has the representation of 18% of women in its technical committee, actions that endorse its firm commitment to social responsibility.

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Fibra Danhos owns 15 properties, including iconic shopping centers such as Parque las Antenas, Parque Tepeyac and Parque Danhos, as well as office buildings and mixed-use developments, with a combined value of $68.5 billion pesos, offering a total leasable area of 939,327 m2 and an average occupancy of 85.3%.

The issue obtained the highest credit ratings from Fitch Mexico and HR Ratings, offering security in the timely payment of its obligations and for investors. CI Banco, S.A., Institución de Banca Múltiple, acted as common representative of the issuance, while Casa de Bolsa BBVA México acted as Placement Agent.

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