GAP misses target in SLB sale

GAP misses target in SLB sale

Bonds Debt Mexico Capital Markets ESG Sustainability Bonds Sustainability-Linked Project & Infrastructure Finance Tourism

Mexican airport operator Grupo Aeroportuario del Pacífico (GAP) said it sold MXN2.75 billion ($136 million) worth of sustainability-linked bonds (SLBs) in the local market, short of the target of MXN5.3 billion target, according to a securities filing. GAP issued a series of new 2026 bonds at 9.2%, but it abandoned the planned sale of 2029 notes, it said in a filing on Thursday.  The company tied the interest rate on the 2026 bonds to targets to reduce greenhouse gas emissions by 25% to 46,703 t

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