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Listed Vehicle


Issuer

FIECK

Type of vehicle

CKD (Development Capital Certificates)

Last Update
  November 19, 2024
Short Name
 FIECK
Ticker symbol
 FIECK 23D, FIECK 23-2D, FIECK 24D
Investment sectors
 Energy
Stock exchange
 Bolsa Mexicana de Valores (BMV)

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ISSUES
Maximum issuance amount
2,420,000,000 USD
Capital calls scheme
Yes
Initial offering date
October 05, 2023
Term
50 years
 
 
   Amount*
    Date*
Initial offering (series A1)
   246,840,000 USD
    October 06, 2023
Initial offering (series A2)
   65,760,100 USD
    October 06, 2023
Subsequent offering (series A1)
   987,360,000 USD
    February 01, 2024
Subsequent offering (series A2)
   263,040,400 USD
    February 01, 2024
Initial offering (series A3)
   171,399,900 USD
    July 26, 2024
Subsequent offering (series A3)
   685,599,600 USD
    September 11, 2024
 
 
     Amount Issued
   2,420,000,000 USD
Remaining amount **
   0 USD

    * Reference is made to the amount effectively subscribed and the settlement date established in the issuance documents.
    ** Difference between the maximum issuance amount and the amount issued.

DESCRIPTION OF INVESTMENTS
Investment period
The investment period will begin on the Initial Issuance Date and will end on the date that occurs earlier between (i) two years counted from the Initial Issuance Date, and (ii) the date on which the amount of the Invested Capital, together with the amounts in the Reserve for Committed Investments and the amounts that must be invested by the Trust pursuant to a binding obligation, exceed 85% (eighty-five percent) of the Maximum Investable Amount.

Investment objective
The objective is to invest in activities related to the planning, design, construction, development, operation and maintenance of electrical energy projects. The investments made by the Trust will be made, directly or indirectly, in capital (primarily) and/or debt of Promoted Companies.
 
As of June 30, 2024 it has invested in
  •   Other investments made and/or assets investments
    • On February 26, 2024, an investment was made consisting of the acquisition of a portfolio of assets made up of 12 combined cycle electricity generation plants and 1 wind energy generation plant, through a purchase and sale contract. . of shares with respect to the shares issued by the companies that own said power plants, which were owned by the Iberdrola México group. The generation plants are the previously mentioned and the following:

      Altamira III y IV
      Altamira V
      Baja California III
      Dulces Nombres I
      La Laguna II
      Topolobampo III
      Tamazunchale
      Topolobampo II
      Tamazunchale II
      Enertek
      La Venta III
Outstanding events

September 11, 2024 FIEMEX - Mexico Energy Investment Trust, which is the vehicle through which FIECK made the investment consisting of the acquisition of a portfolio of 13 electric power plants, carried out a bond offering in dollars in international markets for a total amount of US$1,490 million dollars, maturing in 2041 and a coupon rate of 7.25%. The use of the resources obtained from the issuance of said bonds will be to pay a portion of the financing that was obtained at the time to carry out the aforementioned acquisition, as well as transaction expenses and corporate uses.

MANAGER
Manager
Mexico Infrastructure Partners FF, S.A.P.I. de C.V.


Key people or management team *
*The people established in the listing prospectus or, where appropiate, the available updates are taken as reference.
Jaime Guillén, Jesús Agustín Velasco-Suárez Bezaury, Guillermo Fonseca Torres, Ramón Gerardo Colosio Córdova

ADDITIONAL INFORMATION
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Source
Mexican Stock Exchange
Profile
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Source
Listed Vehicle
MIP investment announcement

REMARKS

As of July 07, 2024, it was announced the update of the registration in the National Securities Registry regarding the issuance of development trust stock certificates Series A-3, with ticker code “FIECK 24D". As provided in the trust agreement, the issuance certificate and the prospectus, only holders of series A-2 certificates had the right to subscribe and pay 1 (one) series a-3 certificate for each 1 (one) series certificate A-2 of which they were holders on the date of registration, at a rate of one to one.

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Source: elaborated by Mexico Projects Hub, based on public information available on the BMV or BIVA.
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