CONSORCIO ARA ANNOUNCES SUCCESFUL OPENING ISSUANCE OF LONG-TERM SECURITIES CE
13 Diciembre 2017 - 8:34AM
BMV General Information
MEXICO CITY, DECEMBER 13, 2017 - CONSORCIO ARA, S.A.B. DE C.V.
("ARA" - BMV: ARA*), MEXICO'S TOP PUBLIC HOUSING DEVELOPER IN TERMS
OF REVENUES, ANNOUNCES THE SUCCESSFUL OPENING ISSUANCE OF LONG-TERM
UNSECURED SECURITIES CERTIFICATES ON THE MEXICAN MARKET. THE ISSUE
TOTALED PS. 1.35 BILLION, AND WAS WELL-RECEIVED, WITH A
BID-TO-COVERRATIO OF 1.22 TIMES. THE TERM IS 5 YEARS, AND THE RATE
IS 250BP OVER THE INTERBANK EQUILIBRIUM INTEREST RATE (TIIE).
THE ARA 17 SECURITIES CERTIFICATES RECEIVED AN "A+" RATING FROM HR
RATINGS DE MXICO AND "MXA" FROM S&P GLOBAL RATINGS.
THE PURPOSE OF THIS PLACEMENT OF SECURITIES CERTIFICATES IS TO
REPLACE LIABILITIES AND IMPROVE THE MATURITY PROFILE, AS WELL AS TO
RELEASE CERTAIN MORTGAGE COLLATERAL. THIS ISSUE ALSO GIVES ARA
ACCESS TO A NEW SOURCE OF FINANCING. THIS IS THE LARGEST ISSUE OF
SECURITIES CERTIFICATES IN THE PAST FIVE YEARS IN MEXICO'S HOUSING
INDUSTRY, AN AREA OFTHE ECONOMY WITH SOLID FUNDAMENTALS THAT
CONTRIBUTES TO THE COUNTRY'S ECONOMIC AND SOCIAL DEVELOPMENT AND
GENERATES JOBS.CASA DE BOLSA BBVA BANCOMER, S.A. DE C.V., GRUPO
FINANCIERO BBVA BANCOMER, PARTICIPATED AS UNDERWRITER AND
STRUCTURING AGENT,AND ACTINVER CASA DE BOLSA, S.A. DE C.B., GRUPO
FINANCIERO ACTIVER, ALSO PARTICIPATED AS UNDERWRITER.
CONSORCIO ARA IS GRATEFUL TO ITS INVESTORS FOR THEIR CONFIDENCE IN
THIS ISSUE.*****
ABOUT CONSORCIO ARACONSORCIO ARA DESIGNS, PROMOTES, BUILDS AND
SELLS HOUSING PROJECTS IN THE AFFORDABLE ENTRY-LEVEL, MIDDLE-INCOME
AND RESIDENTIAL SEGMENTS,AND IS ALSO ENGAGED IN CONSTRUCTION AND
LEASING OF SHOPPING CENTERS, IN MEXICO. IT HAS MORE THAN 40 YEARS
OF EXPERIENCE DURING WHICH IT HAS SOLD 341,000 HOMESTHAT ARE TODAY
INHABITED BY APPROXIMATELY 1.37 MILLION MEXICANS. IT HAS A PRESENCE
IN 16 STATES AND 48 OPERATING DEVELOPMENTS. SINCE 1996, WHEN ARA
FIRST WENT PUBLIC ON THE MEXICAN STOCK EXCHANGE, IT HAS BECOME
KNOWN FOR ITS DIVERSIFIED PRODUCT OFFERING AND A LONG-TERM VISION,
WITH A SOLID FINANCIAL STRUCTURE, LIQUIDITY AND A MODERATE LEVEL OF
DEBT.