GACM bonds tighten as new issue talk grows

GACM bonds tighten as new issue talk grows

Project & Infrastructure Finance Mexico Bonds

The Mexico City Airport Trust’s (GACM) 2026 and 2046 green securities have tightened some 10bp to 15bp in the last month as talk of a new issue or retap heightens. GACM’s 4.25% 2026s were spotted at 175bp over US Treasuries on Friday, while the longer-dated 5.5% 2046s came in at 250bp over Treasuries in the secondary market, DCM bankers told LatinFinance. Last Friday, Moody’s said it had assigned a GB1 green bond assessment rating to a potential second trade, issued through GACM’s $6bn debt sh

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