GAP, CAS head to Mexican bond market

GAP, CAS head to Mexican bond market

Credit Ratings Bonds Debt Funds Mexico Sustainability-Linked Green Bonds Capital Markets Asset Management Project & Infrastructure Finance Tourism

Two issuers in Mexico — airport operator Grupo Aeroportuario del Pacífico (GAP) and toll road concessionaire Concesionaria de Autopistas del Sureste (CAS) — are each expected to raise MXN5.3 billion ($263 million) in the local bond market. GAP is planning to issue sustainability-linked bonds (SLBs) in a two-part deal to fund investments and pay off short-term debt, according to reports from S&P Global Ratings and Moody's. The airport operator is looking to price four-year notes at a floatin

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