OMA Issues MXP Bond

Mexico’s Grupo Aeroportuario del Centro Norte (OMA) has issued MXP1.3bn ($111m) in 5-year floating rate bonds, says a banker on the deal. The bonds priced at TIIE+70bp, pricing tight to the 65bp-70bp area guidance. The airport operator, rated AA plus, will use proceeds to reduce bank debt and for general corporate purposes. It is the issuer’s debut local bond. Banamex, HSBC and JPMorgan managed the deal.