By Rebecca Melvin
New York, June 26 – Grupo Aeroportuario del Pacifico, SAB de CV said it completed the issuance of Ps. 4.2 billion long-term bond certificates (Baa1) in Mexico.
The company sold 42 million certificados bursatiles in two tranches at Ps. 100 each, according to a press release. That amount included up to Ps. 3 billion with a greenshoe of up to 40%, which was reached at the closing of the issuance.
The Ps. 602 million three-year bond certificates bear interest at a variable rate of TIIE-28 plus 85 basis points.
The Ps. 3.598 billion seven-year bond certificates bear interest at a fixed rate of 8.14%.
The proceeds will be allocated to fulfilling investments in Mexico for 2020 and part of 2021.
Demand for the issue was more than 40% over the estimated amount of the issuance, according to the release.
The company is based in Guadalajara and operates 12 airports throughout Mexico’s Pacific region, including Guadalajara and Tijuana.
| Issuer: | Grupo Aeroportuario del Pacifico, SAB de CV
|
| Issue: | Certificados bursatiles
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| Amount: | Ps. 4.2 billion
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| Announcement date: | June 26
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| Rating: | Moody’s: Baa1
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| 2023 tranche
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| Amount: | Ps. 602 million
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| Maturity: | June 22, 2023
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| Coupon: | TIIE-28 plus 85 bps
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|
|
| 2027 tranche
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| Amount: | Ps. 3.598 billion
|
| Maturity: | June 17, 2027
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| Coupon: | 8.14%
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