💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Mexico airport seeks at least $2 billion on international road show: sources

Published 09/05/2017, 02:11 PM
Updated 09/05/2017, 02:20 PM
© Reuters.  Mexico airport seeks at least $2 billion on international road show: sources
C
-

(Reuters) - Mexico City airport authorities are meeting with international investors this week in a bid to raise upwards of $2 billion through a U.S.-dollar denominated debt issue to help finance a new $13 billion airport, people familiar with the matter said.

While maturities have not yet been fixed, the two people said, bonds are likely to mirror last year's $2 billion September bond issue which included a 10-year and a 30-year bond.

IFR, a Thomson Reuters service, reported last month that the roadshow would include stops in London, Boston, New York and Los Angeles, adding that Citigroup (NYSE:C), HSBC and JP Morgan would act as global coordinators.

One of the sources said airport authorities also visited Singapore and Hong Kong last week to discuss the issue.

The airport project, unveiled in 2014 by President Enrique Pena Nieto, is slated to serve some 68 million passengers annually by the time it opens in 2020 and make Mexico City a regional hub.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.