Grupo Aeroportuario del Centro Norte SAB is selling its first bond by a Mexican airport operator as a way to refurbish terminals and refinance debt, tapping into the recent rebound in business travel.
The company, known as OMA, may issue as much as 1.5 billion pesos ($129 million) of debt in the local market as soon as tomorrow to yield 60 basis points above the 28-day interbank lending rate, known as TIIE, or about 5.43 percent, according to Interacciones Casa de Bolsa SA, Scotia Capital and Corp. Actinver SAB. Dollar bonds sold by Aeropuertos Argentina 2000, the South American country's biggest airport operator, yield 9.27 percent, according to data compiled by Bloomberg.
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