Viva Aerobus to sell SLB to pay debt

Viva Aerobus to sell SLB to pay debt

Bonds Debt Funds Mexico Capital Markets Tourism

Mexican budget airline Viva Aerobus plans to raise up to MXN1.5 billion ($75.1 million) in the sale of a five-year sustainability-linked bond in the local market, according to reports from PCR Verum and HR Ratings. Monterrey-based Viva Aerobus plans to use MXN750 million of the proceeds to prepay a bond maturing in February 2024 and the rest for general corporate uses, PRC Verum said on Friday.  The bond is linked to sustainability objectives to reduce carbon dioxide emissions, HR Ratings said.

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