FUNOTR 5.25% 01/15/2050

FIBRA Uno

Credit, Finance/Real Estate, Industrial/Transportation


Publicly traded companies mentioned herein: FIBRA Uno (FUNO)

Highlights

The speaker currently holds a position in FIBRA Uno bonds due in 2050, as the position presents a unique event-driven opportunity related to the rise of nearshoring with the company splitting in two. FIBRA Uno (FUNO11 MM) is a real estate investment trust (REIT) and the largest owner of industrial assets in Mexico, with $17 billion in assets and $7 billion in debt. The presenter is focused on the upcoming spinoff that will result in an increase of assets and a reduction in debt leading to less leverage and a tightening of the spread on the bonds. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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