GAP sets up two-part local bond sale

GAP sets up two-part local bond sale

Bonds Debt Fixed Income Capital Markets Project & Infrastructure Finance Mexico

Mexican airport operator Grupo Aeroportuario del Pacífico (GAP) aims to raise up to MXN4.5 billion ($185 million) in a two-part bond deal in the local market, it said in securities filings. Guadalajara-based GAP plans to issue one series of four-year notes and another of seven-year notes. The new 2025 bonds will price with a spread based on the TIIE interbank lending rate, while the 2028 notes will be based on Mbono government bonds. The deal will be worth at least MXN3 billion, but the size cou

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