Home / Daily Briefs / 2018 / 14 / Mexcat bondholders reject amended buyback

Mexcat bondholders reject amended buyback

Mexcat bondholders reject amended buyback

December 14, 2018 | Mick Bowen
Investor group says the new terms do not compensate for the loss of passenger fees from Benito Juárez airport

Bonds Debt Corporate & Sovereign Strategy Capital Markets Economy & Policy Project & Infrastructure Finance Regulation Politics Mexico

A group of investors that owns bonds issued to finance a new airport near Mexico City has rejected an amended buyback proposal, saying the new terms still do not provide enough collateral. The group has also asked that the government extend the early deadline to December 21 to give it more time to review the proposal, the legal advisor Hogan Lovells and the financial advisor Houlihan Lokey said in a statement. The Mexico City Airport Trust, or Mexcat, tried to sweeten its offer to buy back $1.8b

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