March 14, 2019 |
Mexico's Grupo Aeroportuario del Pacífico (GAP) plans to sell up to MXN3bn ($155m) in local notes, the sixth issue under its five-year, MXN15bn bond program, according to a report from Moody's.
The rating agency gave the upcoming notes an A3 on the global scale and an Aaa.mx on the local scale, pointing out that GAP reported a 10.4% increase in passenger traffic in 2018, above the industry-wide average of 8.7% in Mexico.
"The strong traffic growth has supported very solid financial metrics," Moo
Mexican airport operator could raise $155m in the local bond market after abandoning a $310m deal in February