December 12, 2018 |
Investors are increasingly opposed to the Mexican government's offer to buy back bonds issued to finance a new airport in Mexico City, according to the law firm Hogan Lovells.
The ad-hoc group now represents more than half of the $6bn in bonds issued, Hogan Lovells said in a press release. The group previously had over 50% of one of the series of notes from the Mexico City Airport Trust, or Mexcat.
The state-owned airport operator GACM sold $6bn in bonds to help finance the $13.3bn airport proje
Group now represents more than half of the $6bn in outstanding notes, law firm says