PAC - Grupo Aeroportuario del Pacifico Announces Issuance of Bond Certificates in Mexico for Ps. 3.0 Billion | Benzinga
GUADALAJARA, Mexico, March 20, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) (the "Company" or "GAP") announced today that it successfully completed the issuance of 30 million long-term bond certificates in Mexico (Certificados Bursátiles) at a nominal value of Ps. 100 each (One hundred pesos 00/100), for a total value of Ps. 3.0 billion. The order book reached an over-subscription of 2.4x over the original issuance amount.
The proceeds from this issuance will be allocated to the payment of the bond certificates under the ticker symbol "GAP 19" issued on March 27, 2019, and maturing on March 22, 2024, for an amount of Ps. 3.0 billion.
The bond certificates were issued in accordance with the following terms:
- 13,848,683 bond certificates were issued under the ticker symbol "GAP24-L", at a nominal value of Ps. 100 (one hundred pesos 00/100) each, for a total value of Ps.1,384,868,300 million (one billion three hundred eighty-four million eight hundred sixty-eight thousand three hundred pesos 00/100). 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 March 17, 2027.
- 16,151,317 bond certificates were issued under the ticker symbol "GAP24-2L", at a nominal value of Ps. 100 (one hundred pesos 00/100) each, for a total value of Ps. 1,615,131,700 (one billion six hundred fifteen million one hundred thirty-one thousand seven hundred pesos 00/100). Interest will be payable every 182 days at a fixed rate of 9.94%. The principal will be due at maturity on March 12, 2031.
In accordance with the Sustainability-Linked Bond Framework, GAP will annually publish, within its Annual Sustainability Report, an update on the Key Performance Indicator.
The Sustainability Performance Targets are: