By Marisa Wong
Morgantown, W.Va., July 8 – Grupo Aeroportuario del Pacifico, SAB de CV said it completed the issuance of Ps. 1.5 billion long-term bond certificates in Mexico.
The company sold 15 million certificados bursatiles at Ps. 100 each, according to a press release.
The five-year certificates bear interest at a variable rate of TIIE-28 plus 49 basis points.
Proceeds will be used to finance investments for the second half of 2016 and first quarter of 2017.
Including the latest issuance, the company has issued a total of Ps. 5.2 billion long-term bond certificates on the Mexican capital markets. The bond certificates were issued under the company’s five-year program that began in 2015.
Based in Guadalajara, Grupo Aeroportuario del Pacifico operates 12 airports throughout Mexico’s Pacific region, including Guadalajara and Tijuana.
| Issuer: | Grupo Aeroportuario del Pacifico, SAB de CV
|
| Issue: | Certificados bursatiles
|
| Amount: | Ps. 1.5 billion
|
| Maturity: | July 2, 2021
|
| Coupon: | TIIE-28 plus 49 bps
|
| Price: | Par of Ps. 100
|
| Announcement date: | July 8
|
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