Post by account_disabled on Feb 20, 2024 4:56:50 GMT
Our CEO, Edgar López , had the opportunity to interview Fernando Álvarez, CFO Fibra Uno and Javier Elizalde, Vice President of Treasury at Fibra Uno , two of the six main executives at FUNO, to learn more about their linked revolving credit line to sustainability. If you want to see the complete interview, you can click on the video or read the note about it to find out the analysis. To satisfy current needs, without compromising the ability of future generations to satisfy theirs, guaranteeing the balance between economic growth, environmental care and social well-being; It is defined as sustainability. Currently this concept is found in different areas, and one of them is revolving credit lines . Have you heard about it? A revolving line of credit is defined as a line of credit in which the resources can be made available again, once the amount of the line that was granted has been partially or totally paid. According to the Kueski portal , unlike a simple credit, in which the provisions are established in the contract agreements, which can be one or several in a certain period of time, the revolving credit gives the possibility of having the amount that was granted, as many times as required, as total or partial payments are made. Revolving credit is a type of financing that is frequently used for commercial credit, which is used by companies, individuals with business activity, banking institutions, federal or local governments.
Recently, Fibra Uno (FUNO ) has made use of these lines of credit, which has brought it various benefits, so much so that its approach to energy eco-efficiency achieved savings in the cost of funding, since it met the objective of reduction in energy intensity in kilowatt hours per occupied square meter throughout the operational portfolio. You want to know more? Continue reading. The FUNO approach FUNO is the first and largest Real Estate Investment Trust (FIBRA) in Mexico recognized worldwide. It focuses on generating sustainable value for its investors through the Europe Cell Phone Number List operation, acquisition, sale and development of real estate for commercial use. Its business philosophy is based on extensive and deep knowledge, as well as a decision process focused 100% on real estate . From this emerge three basic pillars that support your business focused on creating sustainable value over time: The diversification of the portfolio in segments, clients and geographies. Offer your clients the best product at a competitive price that leads them to be the first to rent and the last to vacate throughout the real estate business cycle. Maintain a solid financial structure, with moderate levels of leverage. Greater value to our investors: FUNO In the voice of Javier Elizalde , at FUNO they are looking to have a diversity of investors.
He affirms that having the green or sustainable component makes them have greater depth in the funds of the investors they reach. Fibra Uno is a company committed to society and the environment, and in recent years it has dedicated itself to having properties that are efficient in saving energy, water and construction materials that are innovative and have a sustainable component. All this diversity allows FUNO to reach these investors who support them. At FUNO®️, we generate value in two aspects: the increase in the appreciation of our portfolio and the materialization of sustainable value over time. #somosFUNO pic.twitter.com/WM4fpcZDSr — fiberunomx (@fibraunomx) July 24, 2020 From the financial world, sustainability is an aspect of interest both in terms of profitability and focus. This is being sought not only in Mexico but worldwide, and if FUNO seeks to be a world-class company, this is one of the components that interests it. Full repayment of credit line payment Five years ago, Funo obtained the first committed line of credit for 7 billion pesos , which was not used. In 2019, this line was renewed and expanded at the same time for a total amount of 13,500 million pesos and 410 million dollars. It recently announced that it has fully repaid the amount drawn down on its sustainability-linked revolving credit facility. According to Elizalde, this line did not usually have a green or sustainable component, however, it is a contingent line for eventual treasury needs.