By Wendy Van Sickle
Columbus, Ohio, May 7 – Grupo Aeroportuario del Pacifico, SAB de CV said it completed the issuance of Ps. 4.5 billion long-term bond certificates (Aaa.mx/MxAAA/) in Mexico.
The company sold 45 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 50%, which was reached at the closing of the issuance.
The Ps. 2.5 billion four-year bond certificates bear interest at a variable rate of TIIE-28 plus 60 basis points.
The Ps. 2 billion seven-year bond certificates bear interest at a fixed rate of 7.91%.
The proceeds will be allocated to commercial investments in Mexico and paying off debt.
The order book was oversubscribed by 5.8 times, 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. 4.5 billion
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Announcement date: | May 7
|
Rating: | Moody’s: Aaa.mx
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| S&P: MxAAA
|
|
2025 tranche
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Amount: | Ps. 2.5 billion
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Maturity: | May 2, 2025
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Coupon: | TIIE-28 plus 60 bps
|
|
2028 tranche
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Amount: | Ps. 2 billion
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Maturity: | April 28, 2028
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Coupon: | 7.91%
|
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