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Grupo Aeroportuario de la Ciudad de Mexico completes $4 billion Green Bond offering

September 2017

Client(s) Grupo Aeroportuario de la Ciudad de México, S.A. De C.V.

Jones Day advised Grupo Aeroportuario de la Ciudad de Mexico on Mexican law matters for the issuance of $4 billion green bonds, through the Mexico City Airport Trust. The bond offering was executed under the Rule 144A/Reg-S, and is divided in a $1.0 billion 10 years tranche and $3.0 billion 30 years tranche.

This new offering represents the largest green bond offering in dollars in the history of green bonds, and the largest 30-year bond issuance in the year for Latin America and has obtained a rating of Baa1, BBB+, BBB+ (Moody's, S&P, Fitch), as well GB1 by Moody’s and E1 by S&P for a sustainable transaction.

Also, Jones Day has advised Grupo Aeroportuario de la Ciudad de Mexico in the execution of the whole airport financing plan, which included the execution of a $1 billion credit facility in 2014, the conversion of the credit facility to a $3 billion revolving credit facility in 2015 and its termination in 2017, and the $2 billion green bonds initial offering in 2016.

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