FIBRA DANHOS ANNOUNCES ITS FIRST PUBLIC DEBT ISSUE FOR ...

11 jul. 2016 - place next Monday, July 11, 2016. About Fibra Danhos. Fibra Danhos is a Mexican trust formed primarily to develop, own, lease, operate, and ...
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FIBRA DANHOS ANNOUNCES ITS FIRST PUBLIC DEBT ISSUE FOR FOUR BILLION PESOS IN THE MEXICAN MARKET

Mexico City, Mexico, July 11, 2016

Fibra Danhos (BMV: DANHOS13) informs that it successfully conducted its first long-term debt issuance of trust certificates in the Mexican debt market for $4,000,000,000.00 (four billion 00/100 Mexican Pesos). The deal was done through two unsecured issues in communicating vessels (AAA rated by Fitch Ratings & HR Ratings), under a program authorized by the CNBV (Mexico’s financial system regulator) last 4th of July 2016, for a total amount of $8,000,000,000.00 (eight billion 00/100 Mexican Pesos): 1. 2.

DANHOS 16: $3,000,000,000.00 (three billion 00/100 Mexican Pesos) fixed nominal rate issue for a 10-year period with a 7.80% coupon rate (Mexican 10-year bond yield + 185 basis points). DANHOS 16-2: $1,000,000,000.00 (one billion 00/100 Mexican Pesos) floating rate issue for a 3.5-year period with a TIIE28 + 65 basis points coupon rate.

This is the first local debt issuance in the local real estate market after BREXIT and the interest rate hike by the Bank of Mexico. Despite the current market conditions, the transaction presented an oversubscription of 2.42x the issued amount, with a strong demand and acceptance by different groups of investors (Afores, Investment Companies, Independent Trust Fund Managers, Treasuries, Private Banks, among others). The money obtained will be primarily used for the acquisition, construction and development of projects described in the Programs Offering Memorandum, general corporate expenses and working capital. With this issuance, Fibra Danhos reassures its business strategy and reinforces its development capacity, widely recognized by its investors. After this bond issuance, the loan to value (Total Assets/Debt) of Fibra Danhos will be approximately 7.8%, a level that shows a solid capital structure and at the same time, lowers the cost of capital. The payment of the deal will take place next Monday, July 11, 2016.

About Fibra Danhos Fibra Danhos is a Mexican trust formed primarily to develop, own, lease, operate, and acquire iconic and premier-quality commercial real estate assets in Mexico. Our strategy is focused primarily on the retail and office segments, we intend to be the first FIBRA in Mexico focused on the development, re-development, acquisition and management of the highest quality retail, office and mixed-use properties in Mexico, particularly in the Metropolitan Area of Mexico City. Our objective is to provide attractive risk-adjusted returns to holders of our CBFIs over the long-term through our development capabilities, selective acquisitions, and stable cash distributions, as determined by our Technical Committee. As of this date, our Current Portfolio is integrated by: (1) six shopping centers: (i) Parque Delta; (ii) Parque Duraznos; (iii) Parque Lindavista; (iv) Parque Tezontle; (v) Parque Las Antenas; and (vi) Parque Puebla, these last two are currently under development; (2) four office properties: (i) Parque Esmeralda; (ii) Urbitec; (iii) Parque Virreyes; and(iv) Torre Virreyes; and (3) four mixed-use projects: (i) Parque Alameda; (ii) Reforma 222; (iii) Toreo Parque Central; and (iv) Parque Vía Vallejo, this last one, as well as the hotel compound and office building A of Toreo Parque Central are currently under development. We are well capitalized public entity, currently without debt. We have an unsecured, revolving credit facility in an amount of $1,500’000,000.00 (One thousand five hundred million pesos 00/100 legal currency of the United Mexican States) which has not been disbursed to this date, with a term of 4 (four) years. We intend to continue to be taxed as a FIBRA pursuant to the Income Tax Law (Ley del Impuesto sobre la Renta). For purposes of qualifying as a FIBRA, we are obliged to distribute at least 95% (ninety five percent) of our Fiscal Outcome, and to have at least 70% (seventy percent) of our assets invested in real estate properties destined for leasing, among other requisites.

Investor Relations Elías Mizrahi Daniel Fibra Danhos Tel: +52(55) 5284 0030 E-mail: [email protected]

Press Relations Gabriela Jiménez Rodríguez Guerra Castellanos y Asociados Tel: +52(55) 5246 0100 ext. 304 E-mail: [email protected]