By Wendy Van Sickle
Columbus, Ohio, March 17 – Grupo Aeroportuario del Pacifico, SAB de CV said it completed the issuance of Ps. 5 billion long-term bond certificates (Aaa.mx/MxAAA/) in Mexico in two tranches.
The company sold 50 million certificados bursatiles in two tranches at Ps. 100 each, according to a press release. The total includes a Ps. 1 billion greenshoe that was reached at closing.
The Ps. 2 billion five-year bond certificates bear interest at a variable rate of TIIE-28 plus 18 basis points.
The Ps. 3 billion of 10-year bond certificates bear interest at a fixed rate of 9.67%.
The proceeds will be allocated to commercial investments in Mexico and paying off debt.
The order book was oversubscribed by 4.04 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
|
Amount: | Ps. 5 billion
|
Issue: | Certificados bursatiles
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Issue date: | March 15
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Ratings: | Moody’s: Aaa.mx
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| S&P: MxAAA
|
|
2027 tranche
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Amount: | Ps. 2 billion
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Maturity: | March 11, 2027
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Coupon: | TIIE-28 plus 18 bps
|
|
2032 tranche
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Amount: | Ps. 3 billion
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Maturity: | March 4, 2032
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Coupon: | 9.67%
|
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