By Wendy Van Sickle
Columbus, Ohio, Oct. 15 – Grupo Aeroportuario del Pacifico, SAB de CV said it completed the issuance of Ps. 2.5 billion long-term bond certificates (Aaa.mx/MxAAA/) in Mexico in two tranches, including one tranche of green bonds and one reopening.
The company sold 25 million certificados bursatiles in two tranches at Ps. 100 each, according to a press release.
The Ps. 1.5 billion five-year green bond certificates bear interest at a variable rate of TIIE-28 plus 25 basis points.
The Ps. 1 billion reopening of seven-year bond certificates bear interest at a fixed rate of 7.91% and will form a single series with the Ps. 2 billion of bonds issued in May. These bonds were issued at a price of 101.323278.
Each tranche has an early amortization option.
The proceeds will be allocated to commercial investments in Mexico and paying off debt.
The order book was oversubscribed by 4.7 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
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| Issue: | Certificados bursatiles
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| Amount: | Ps. 2.5 billion
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| Issue date: | Oct. 15
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| Rating: | Moody’s: Aaa.mx
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| S&P: MxAAA
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| 2026 green tranche
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| Amount: | Ps. 1.5 billion
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| Maturity: | Oct. 9, 2026
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| Coupon: | TIIE-28 plus 25 bps
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| 2028 tranche
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| Amount: | Ps. 1 billion reopening
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| Maturity: | April 28, 2028
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| Coupon: | 7.91%
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| Price: | 101.323278
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| Previous issue: | Ps. 2 billion issued on May 7, 2021
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