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GAP takes out another loan to fund investments

GAP takes out another loan to fund investments

December 13, 2022
Mexican airport operator borrows $75 mln from Citibanamex after getting the same amount last month from Scotiabank

Loans Debt Project & Infrastructure Finance Mexico

Mexican airport operator Grupo Aeroportuario del Pacífico (GAP) said it borrowed MXN1.5 billion ($75.5 million) from Citibanamex to finance investments. The 18-month bullet loan charges 38 basis points over the TIIE interbank lending rate, GAP said in a securities filing on Friday. The Guadalajara-based company said in November that it borrowed the same amount with similar terms from Scotiabank. Before that, it issued MXN2.75 billion in sustainability-linked bonds (SLBs) in the local market in S

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