logo
Share SHARE
FONT-SIZE Plus   Neg

OMA Announces Placement Of Ps. 1.6 Bln In 10-Year Notes, Commercial Paper

Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (OMAB) on Tuesday announced the placement of 10-year Notes and 28-day commercial paper in the Mexican market.

Ps. 1,500 million peso-denominated Notes due March 14, 2023 were placed at a fixed rate of 6.47%, with interest payable semi-annually.

OMA expects to use the proceeds of the Notes to prepay outstanding short-term credit lines and to finance Master Development Program investments at its 13 airports, as well as for strategic investments.

The company also said it has launched a commercial paper program of up to Ps. 200 million. Ps. 100 million in 28-day commercial paper was placed with a yield of 4.17%.

The commercial paper will be used for working capital and general corporate purposes. OMA expects to renew outstanding commercial paper at each maturity.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Several flights to the Indonesian tourist island Bali were canceled due to volcanic ashes from the Mount Raung. Virgin airlines canceled all the flights to Denpasar Airport, while Jetstar rescheduled three flights to Perth and Melbourne in Australia. Activision Blizzard reported a better-than-expected increase in second-quarter profit, as the video game publisher saw robust growth in digital channels, penetration in China and improved margins. It lifted its guidance for 2015, sending its shares up... Diversified media and entertainment conglomerate Walt Disney Co. said Tuesday after the markets closed that its third quarter profit rose 11% from last year, driven mainly by strong earnings growth at its film and consumer products divisions. The company's quarterly earnings per share came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast.
comments powered by Disqus
Follow RTT