GAP mulls bonds, loans after rating

GAP mulls bonds, loans after rating

Bonds Loans

Grupo Aeroportuario del Pacifico (GAP) is considering tapping the bond and loan markets for more than MXN6bn ($464m) over the five years starting 2015 to finance its next round of capex, the company’s chief executive told LatinFinance. GAP is still finalizing its next five-year plan, but it is likely to require around MXN5bn of new financing as well as cash to repay a MXN1.5bn loan, Fernando Bosque said. GAP closed loan negotiations earlier this year, raising capex funds at a spread of less than

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