The Bond Offer

From October 25 to 28, 2018, the incoming government held a public consultation on the new airport for Mexico City, which was under construction at Texcoco. According to Expansión, 69 percent of those who voted chose the alternative plan at Santa Lucía.

The government then offered to buy back 1.8 billion of the 6 billion dollars in bonds issued for the Texcoco airport. Its first offer of 90 dollars for every 100, plus an incentive of 5.75, was rejected.

The revised offer paid 100 dollars for every 100 and an extra 10. On December 19, 2018, La Razón reported that the finance ministry claimed “apoyo abrumador” (overwhelming support) from the bondholders. (Video in Spanish.)

understand-culture
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.