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
Low-cost airline Allegiant Air announced its order for brand-new aircraft for the first time in its history. The carrier announced on Friday it had reached a deal to purchase 12 current-generation models of Airbus' A320 narrow-body jets. The company termed the deal as "another step towards Allegiant's... Los Angeles City officials have filed criminal charges against Soylent CEO Robert Rhinehart for placing a bright red shipping container on Montecito Heights hillside as part of his "experiment in sustainable living." City Attorney Mike Feuer Friday announced that his office has filed multiple criminal... A new study says that if Hillary Clinton is elected then her proposals will strengthen the U.S. economy and create millions of jobs. According to Moody's Analytics, Hillary Clinton's economic proposal would oversee a "somewhat stronger U.S. economy." The conclusion was reached after assessing her...
comments powered by Disqus
Follow RTT