Fideicomiso Hipotecario (FHipo) issued 345 million certificates at 25 pesos per certificate. Local investors bought about 39 percent of the shares, while foreign players bought the rest, the Mexican stock exchange said in a statement.
The placement was less than an expected 10.8 billion pesos.
The trust plans to use the funds to help purchase its initial portfolio of 5,544 mortgage loans from around the nation that were originated by the government's Federal Housing Fund, or Infonavit.
REITs have become a popular financial instrument in Latin America's second-biggest economy, known in Mexico as FIBRAs.
They . . .
Already a Subscriber? Login Here
