Mexico REIT Fibra MTY Raises $500 Million in Share Offering

Mexican real estate investment trust Fibra MTY raised about $500 million to expand its industrial portfolio.

The Monterrey, Nuevo Leon-based company priced 638.3 million real estate trust certificates, known as certificados bursátiles, at 13.50 pesos each, according to a filing with local exchange BIVA. Net proceeds may reach as much as 8.6 billion pesos ($483.2 million), including an overallotment option, the filing said.