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GAP, OMA set up SLB sales

GAP, OMA set up SLB sales

February 3, 2023
Mexican airport operators both tie interest rates to targets to lower emissions by 2025

Project & Infrastructure Finance Bonds Debt Fixed Income Capital Markets ESG Sustainability-Linked Sustainability Bonds Green Finance Green Bonds Mexico

Two airport operators in Mexico – Grupo Aeroportuario del Pacífico (GAP) and Grupo Aeroportuario del Centro Norte (OMA) – both said they plans to issue sustainability-linked bonds (SLBs) in the local market next month. Guadalajara-based GAP intends to issue at least NXN4.5 billion ($242 million) in seven-year bonds on March 27, but it could increase the size of the issue to MXN5.4 billion, it said in a securities filing. GAP said it would pay a step-up rate if it missed targets to lower greenhou

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