Fibra Storage’s Bond Issuance
Fibra Storage, a real estate investment trust focused on managing mini storage warehouses, plans to issue a bond worth 500 million pesos (approximately $26.6 million) in the Mexican stock market.
The funds raised from this bond, with the code ‘STORAGE 25’, will be used for Fibra Storage’s development and acquisition strategy.
The bond will pay a variable interest rate, determined at the time by adding an additional interest to the Tasa de Interés Interbancaria de Equilibrio de Fondeo a un Día Hábil Bancario.
Fitch Ratings assigned the bond a ‘AA-(mex)’ rating, and HR AA+ by Hong Kong-based ratings agency, placing it in the fourth and second levels of local investment-grade assets.
Grupo Aeroportuario del Pacífico (GAP) Dividend Payment
Grupo Aeroportuario del Pacífico (GAP), which manages 12 airports in Mexico and two more in Jamaica, announced it will pay the second exhibition of a dividend approved by its shareholders earlier this year. The payment is scheduled for August 14.
The second and final dividend exhibition equals a payment of 8.42 pesos, as approved by shareholders during their assembly on April 24. The total distribution was 16.84 pesos.
This dividend represents a yield of 3.9%, based on the stock price of 429.82 pesos on July 30, when the dividend was approved.
Arca Continental’s Candler Cup Win
Arca Continental, led by Jorge H. Santos Reyna and Arturo Gutiérrez Hernández, received the prestigious Candler Cup award from The Coca-Cola Company for its bottling operations.
The recognition was bestowed upon its US subsidiary, Coca-Cola Southwest Beverages (AC-CCSWB), which operates in Texas and other southwestern states, excelling in financial performance, organizational development, and talent investment.
This year, AC-CCSWB was also named the best operation in the US after winning the Market Street Challenge for the third time since 2018.
NVIDIA’s Statement on Backdoor Access
NVIDIA stated on Thursday that its products do not have “backdoors” allowing unauthorized access or remote control, following China’s concerns about potential security risks from NVIDIA’s AI chip H20.
The Cyberspace Administration of China (CAC), the internet regulator, expressed worry over a US proposal requiring advanced semiconductors sold abroad to include tracking and positioning features.
The CAC’s measure casts uncertainty on NVIDIA’s sales prospects in China weeks after a US export ban was lifted.
A backdoor risk refers to a hidden method for bypassing normal authentication or security controls.
Key Questions and Answers
- What is Fibra Storage issuing? Fibra Storage plans to issue a bond worth 500 million pesos (approximately $26.6 million) in the Mexican stock market.
- What is the purpose of the bond? The funds raised will be used for Fibra Storage’s development and acquisition strategy.
- What is the dividend payment by GAP? GAP will pay a second exhibition of a dividend worth 8.42 pesos per share, totaling 16.84 pesos.
- Why is Arca Continental in the news? Arca Continental won The Candler Cup, a significant award from The Coca-Cola Company, for its bottling operations in the US.
- What is NVIDIA’s response to China’s concerns? NVIDIA stated its products do not have backdoors allowing unauthorized access or remote control, addressing China’s security concerns about its AI chip H20.
