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.
by RTT Staff Writer
For comments and feedback: email@example.com