Grupo Aeroportuario del Pacifico announces the issuance of bond certificates in Mexico for Ps. 2.5 billion


GUADALAJARA, Mexico, October 15, 2021 (GLOBE NEWSWIRE) – Grupo Aeroportuario del Pacífico, SAB de CV, (NYSE: PAC; BMV: GAP) (the “Company” or “GAP”) announced today that it has successfully completed the issue of 25 million long-term bond certificates in Mexico (Bursátiles Certificates) at a face value of Ps. 100 each (one hundred pesos 00/100 MN), for a total value of Ps. 2.5 billion (two point five billion pesos 00/100 MN), issued jointly via certificates of green bonds and the first reopening of the fourth issue under the symbol “GAP21-2”. The order book reached a subscription of 4.7x.

The bond certificates were issued as follows:

  • Ps. 1.5 billion (one point five billion pesos 00/100 MN) in 5 years green bond certificates under the ticker symbol “GAP21V”. Interest will be payable every 28 days at a floating rate of TIIE-28 plus 25 basis points; the principal will be due on maturity on October 9, 2026, with an early amortization option.

  • Ps. 1.0 billion (one billion pesos 00/100 MN) corresponding to the first reopening of the long-term fixed rate bond “GAP21-2”, originally issued on May 7, 2021, and shares the same specifications as the original issue. Interest will be payable every 182 days at a coupon of 7.91%; the capital will be payable at maturity on April 28, 2028, with an early redemption option. The issue price was Ps. 101.323278 (one hundred and one pesos 323278/1000000) each. The price was calculated taking into account that the additional bond certificates earn the interest corresponding to the entire current interest period of the original bond certificates, and taking into account the surcharge applicable to the certificates of additional obligations.

The issues have received national credit ratings of “” by Moody’s and “MxAAA” by S&P.

The resources of these issues will be used to carry out the investments made within the framework of the Master Development Program for 2021 and part of 2022, as well as to finance eligible green projects in accordance with our green financing framework, aligned with the International Capital Markets Association. (ICMA) Green Bond Principles and the United Nations (UN) Sustainable Development Goals, and which have received a positive opinion from the firm Sustainalytics. Green projects will fall into the following eligible categories:

• Green buildings: investments linked to new buildings or renovations of existing buildings, leading to a reduction in energy consumption
• Renewable energy: investments linked to solar energy production
• Energy efficiency: investments related to the renewal, installation, operation and maintenance of equipment that controls and reduces energy consumption
• Other projects related to sustainable water and wastewater management, clean transport, pollution prevention and control, as well as projects related to biodiversity

Company Description

Grupo Aeroportuario del Pacífico, SAB de CV (GAP) operates 12 airports throughout the Pacific region of Mexico, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other towns: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. As of February 2006, GAP’s shares were listed on the New York Stock Exchange under the symbol “PAC” and on the Mexico Stock Exchange under the symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo from Concessioner Aeroportuarias, SL, which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement to operate Norman Manley International Airport in Kingston, Jamaica. In October 2018, GAP entered into a concession agreement to operate Norman Manley International Airport in Kingston, Jamaica and took control of the operation in October 2019.

This press release may contain forward-looking statements. These statements are statements which are not historical facts and are based on the current opinion and estimates of management regarding future economic circumstances, industry conditions, company performance and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as regards the Company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of major operating and financing strategies and capital expenditure plans, the direction of future operations and factors or trends affecting the financial condition, liquidity or operating results are examples of forward-looking statements. These statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the events, trends or expected results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions and operating factors. Any change in such assumptions or factors could cause actual results to differ materially from current expectations.

In accordance with article 806 of the Sarbanes-Oxley law of 2002 and article 42 of the “Ley del Mercado de Valores”, GAP has set up a “Alert launcher” program, which allows complainants to anonymously and confidentially report suspected activity involving criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 01 800 563 00 47. The website is The GAP audit committee will be informed of all complaints for immediate investigation.

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