Grupo Aeroportuario del Pacifico Announces Issuance of Bond Certificates in Mexico for MXN 2.5 Billion
October 15, 2021 at 05:32 pm EDT
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Grupo Aeroportuario del Pacífico, S.A.B. de C.V. announced that successfully completed the issuance of 25 million long-term bond certificates in Mexico (Certificados Bursátiles) at a nominal value of MXN 100 each for a total value of MXN 2.5 billion, issued jointly through green bond certificates and the first reopening of the fourth issuance under the ticker symbol “GAP21-2”. The order book reached a subscription of 4.7x. The bond certificates were issued in accordance with the following terms: MXN 1.5 billion in 5-year green bond certificates under the ticker symbol “GAP21V”. Interest will be payable every 28 days at a variable rate of TIIE-28 plus 25 basis points; the principal will be due at maturity on October 9, 2026, with an early amortization option; and MXN 1.0 billion corresponding to the first reopening of “GAP21-2” long-term fixed rate bond, originally issued on May 7, 2021, and has the same characteristics as the original issuance. Interest will be payable every 182 days at a coupon of 7.91%; the principal will be due at maturity on April 28, 2028, with an early amortization option. The issuance price was MXN 101.323278 each. The price was calculated taking into consideration that the additional bond certificates obtain the interest corresponding to the entire period of interest ongoing of the original bond certificates, and in consideration of the surcharge applicable to the additional bond certificates.
Grupo Aeroportuario del Pacifico, S.A.B. de C.V. is a holding company. The Company holds concessions to operate, maintain and develop approximately 10 international airports in the Pacific and Central regions of Mexico, and an international airport in Jamaica. The Company's segments include Guadalajara, Tijuana, Puerto Vallarta, San Jose del Cabo, Montego Bay, Hermosillo, Bajio, Other Airports and Others Companies. The Other Companies segment includes Servicios a la Infraestructura Aeroportuaria del Pacifico, S.A. de C.V. (SIAP), a company that provides technical assistance and professional services; Corporativo de Servicios Aeroportuarios, S.A. de C.V. (CORSA), a company that provides operative services specialized in aeronautical industry; Puerta Cero Parking, S.A. de C.V. (PCP), a company that manages the parking lot operation; Fundacion Grupo Aeroportuario del Pacifico, A.C., and Desarrollo de Concesiones Aeroportuarias, S.L. (DCA), as well as the Company's own operation.