Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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: Quote) 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.

Click here to receive FREE breaking news email alerts for Grupo Aeroportuario Centro Norte, S.A. de C.V. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.