Mexcat bonds soar on buy-back plan

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Mexcat bonds soar on buy-back plan

Mexico City Airport Trust, Amlo, cancellation, LatAm, Mexico
Tuesday, November 2, 2018. Photo of Mexico City’s US $15-billion airport project which is about a third completed will be canceled by incoming president Andres Manuel Lopez Obrador in favor of converting an air force base and upgrading the existing airport. | Antonio Nava/Zuma Press/PA Images

Mexico City Airport Trust (Mexcat) bondholders finally found respite in secondary markets on Monday as the government-owned company, which had raised $6bn of debt for the now cancelled Texcoco airport, launched a tender offer and consent solicitation for the notes.

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