Source: OMA

  • OMA becomes the first airport group in America and the second one worldwide to issue a Sustainability-Linked Bond
  • OMA seeks to reduce its CO2 emissions per passenger in 58% by December 31, 2025

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (BMV: OMA, NASDAQ: OMAB), announces the placement of long-term sustainability-linked notes in the Mexican market for an aggregate amount of Ps.4.0 billion (“the Issuances”). With the placement of these long-term sustainability-linked notes, OMA becomes the first airport group in America and the second one worldwide to issue a sustainability-linked bond. The aforementioned reaffirms OMA’s commitment to a continued reduction of its environmental impact and an improvement of the long-term sustainability in its airports’ operations.

“We are thrilled by the great acceptance of these Issuances. These notes are a clear example of OMA’s commitment with sustainability, as we are setting sound environmental goals for the Company” said Ricardo Dueñas Espriu, CEO of OMA.

The Issuances were widely accepted, with a participation from more than 50 investors, including “Afores”, investment funds and insurance companies. Demand of both tranches was 3.1x.

The Issuances are the following:

1. Ps.1,700 million in 5-year Notes (ticker: OMA 22L) at a variable rate of TIIE 28 + 14 basis points. The Notes will pay interests every 28 days, and principal amount will be paid at maturity on March 25, 2027.

2. Ps.2,300 million in 7-year Notes (ticker: OMA 22-2L) at a fixed rate of 9.35%. The Notes will pay interest every 182 days, and principal amount will be paid at maturity on March 22, 2029.

The Issuances received the highest ratings in Mexico of Baa/Aaa.mx by Moody’s and AAA(mex) by Fitch on a national scale.

OMA published a Sustainability-Linked Bond Framework (“Framework”), aligned to the 2020 SustainabilityLinked Bond Principles (“SLBP”), administered by the International Capital Market Association. The Framework is available on: https://ir.oma.aero/en/debt-profile/ and OMA obtained a Second-Party Opinion of alignment of its Framework from S&P Global ratings.

In accordance with the Framework, OMA has established as Sustainability Performance Target (“SPT”) the reduction of greenhouse gas emissions per passenger in 58% by December 31, 2025. Compliance of the SPT OMA announces placement of Ps.4.0 billion Sustainability-Linked Bonds 2 will be verified by an external verifier, and in the case of non-compliance at the established date, a 25-basis point step-up to the interest rate will be applied until maturity.

Book building was held today and the settlement will be on March 31, 2022. Proceeds from the Issuances will be used to prepay Ps.2.7 billion of short-term loans and to fund committed investments under the 2021-2025 Master Development Program.

This press release is for information purposes only and does not constitute an offer to sell, nor the solicitation of an offer to purchase the Notes.