GAP lands local notes

GAP lands local notes

Bonds Debt Capital Markets Fixed Income Project & Infrastructure Finance Mexico

Mexican airport operator Grupo Aeroportuario del Pacífico (GAP) said it sold MXN3 billion ($162 million) worth of peso-denominated notes in the local market on Thursday in a deal that was five times oversubscribed. The Guadalajara-based company priced the floating-rate, five-year notes at 17 basis points over the 28-day TIIE interbank lending rate, it said in a statement.  GAP said it will use part of the proceeds to pay off MXN2.2 billion in notes that matured on February 14 and put the rest to

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