Fibra Storage’s CBFI Issuance and Grupo Carso’s Bond Payment
Fibra Storage, a real estate trust specializing in operating and developing mini warehouses for self-storage, placed 281,600 of its Certificados Bursátiles Fiduciarios Inmobiliarios (CBFI’s) into circulation. These CBFI’s were acquired by Fibra Storage through its repurchase fund and are part of the remaining rights of first refusal conducted in September 2023.
Fibra Storage currently holds 7.5 million certificates in its treasury from the purchases it has made, reminding us that the repurchase fund still has resources. The fund was approved by Fibra Storage’s holders assembly on April 28, equivalent to 5% of the certificates in circulation at that time.
Grupo Carso, a conglomerate of infrastructure, construction, and commerce companies owned by the Slim family, will pay a bond anticipated in October 2023. The company stated it will pay the bond with key ‘GCARSO 00625’ on December 31, having raised 4,700 million pesos (261.6 million USD) and maturing on January 13, 2026.
The anticipated total amortization of the exchange-traded certificates will occur at a “clean price” according to the title’s calculation, along with accrued but unpaid interest on the certificate principal as of the payment date. The bond payment will be executed through S.D. Indeval, the Institution for the Deposit of Values.
Rotoplas to Distribute Cash Repayment to Shareholders
Meanwhile, Rotoplas, a company specializing in water solutions, will pay its shareholders a cash capital repayment equivalent to 0.125 pesos per circulating share.
The cash repayment was approved by Rotoplas’ shareholders during an extraordinary general assembly held in Mexico City on December 10. The total cash disbursement by the company amounted to 60,302,674.33 pesos (3.4 million USD), as stated in Rotoplas’s communication.
Banco de México Reports Record High International Reserves
In related news, Banco de México reported that the country’s international reserves increased by 713 million USD during the week ending December 19, placing them at an unprecedented 251,238 million USD.
These reserves, accumulated by the central bank to address potential adverse financial shocks, have seen their seventh consecutive weekly increase and the largest in the past three weeks. Furthermore, international reserves showed an 9.8% increase compared to the end of 2024 level and a nominal cumulative advance of 22,449 million USD for the year.
Key Questions and Answers
- What are CBFI’s and why were they issued by Fibra Storage? CBFI’s (Certificados Bursátiles Fiduciarios Inmobiliarios) are exchange-traded certificates issued by Fibra Storage, a real estate trust. They were placed into circulation using the repurchase fund acquired from previous transactions.
- Why is Grupo Carso paying an anticipated bond? Grupo Carso, a conglomerate of companies owned by the Slim family, is paying an anticipated bond with key ‘GCARSO 00625’ on December 31, 2023. The bond raised 4,700 million pesos (261.6 million USD) and matures on January 13, 2026.
- What is Rotoplas’s cash repayment to shareholders about? Rotoplas, a water solutions company, will pay its shareholders a cash capital repayment of 0.125 pesos per circulating share, totaling 60,302,674.33 pesos (3.4 million USD).
- Why are international reserves significant for Banco de México? International reserves, accumulated by Banco de México, serve as a safeguard against potential adverse financial shocks. The reserves recently reached a record high of 251,238 million USD, demonstrating the country’s financial stability.
