Grupo Aeroportuario del Pacífico places sustainable bonds in the local market

Grupo Aeroportuario del Pacífico (GAP), a private airport operator in Mexico and Jamaica, has issued sustainable bonds on the local Mexican Stock Exchange (BMV) for an amount in local currency equivalent to approximately 180 million dollars.

The issuance, rated “Aaa.mx” by Moody’s and “mxAAA” by S&P, was over-suscribed by 2.4 times the original amount. The placement is composed of two tranches: i) 3-year stock certificates with a variable interest rate for an amount close to 84 million dollars; and ii) 7-year bonds with a fixed rate of 9.94% per year for an amount equivalent to 97 million dollars.