Latinnews Daily - 14 September 2017

* The Grupo Aeroportuario de la Ciudad de Mexico (GACM), the government-led consortium in charge of building the new international airport servicing Mexico City (NAICM), has announced that it has raised US$4bn via the issue of ‘green bonds’ in international markets to help fund the US$9.5bn project. A GACM statement said that the bonds were offered in two separate tranches, with US$1bn maturing in ten years offering a 3.8% yield and US$3bn maturing in 30 years offering a 5.5% yield. The statement adds that the bonds were bought by 750 separate investors and from Asia, Europe, the US, and Latin America. Noting that the new bonds do not constitute public debt and will be paid with the revenues generated by the NAICM once it is operational, the GACM said that the funds raised by the latest bond issue come on top of the US$2bn raised in a similar bond issue conducted last year.  

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