September 5, 2017 / 6:13 PM / in 9 months

Mexico airport seeks at least $2 billion on international road show: sources

(Reuters) - Mexico City airport authorities are meeting with international investors this week in a bid to raise upwards of $2 billion through a U.S.-dollar denominated debt issue to help finance a new $13 billion airport, people familiar with the matter said.

While maturities have not yet been fixed, the two people said, bonds are likely to mirror last year’s $2 billion September bond issue which included a 10-year and a 30-year bond.

IFR, a Thomson Reuters service, reported last month that the roadshow would include stops in London, Boston, New York and Los Angeles, adding that Citigroup, HSBC and JP Morgan would act as global coordinators.

One of the sources said airport authorities also visited Singapore and Hong Kong last week to discuss the issue.

The airport project, unveiled in 2014 by President Enrique Pena Nieto, is slated to serve some 68 million passengers annually by the time it opens in 2020 and make Mexico City a regional hub.

Reporting by Alexandra Alper; Editing by Cynthia Osterman

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