March 25, 2013
Mexico’s Grupo Aeroportuario del Centro Norte (OMA) has issued MXP1.5bn ($1
Mexico’s Grupo Aeroportuario del Centro Norte (OMA) has issued MXP1.5bn ($121m) in 10-year floating rate bonds, says a banker on the deal. The 2023 fixed-rate bonds pay 6.47%, pricing at Mbonos+150bp, flat to guidance. The airport operator, rated AA+, plans to use proceeds to reduce bank debt and for general corporate purposes. Banamex and HSBC managed the transaction. The airport concessionaire's previous domestic bond sale was its first, a $111m-equivalent 5-year paying TIIE+70bp, in 2011.