GAP Successfully Issues Multi-Billion Peso Bonds

Grupo Aeroportuario del Pacifico (PAC) has released an update.

Grupo Aeroportuario del Pacifico has announced the successful issuance of long-term bond certificates in Mexico, totaling 5.648 billion pesos, with a five-year maturity and an oversubscription rate of 1.2x. The bonds, rated ‘Aaa.mx’ by Moody’s and ‘MxAAA’ by S&P, will help refinance existing debt and fund capital investments in their Master Development Program and commercial investments. GAP operates a network of 12 airports across Mexico and has been listed on the New York and Mexican Stock Exchanges since 2006.

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