BBVA underwrites a Secondary Public Offering by Grupo Aeroportuario del Centro Norte (OMA) on the Mexican Stock ExchangeJuly 10, 2013
Casa de Bolsa BBVA Bancomer announced the placement of Secondary Public Offering of stock in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., for a total of MXN 1,104,000,000.00 including the greenshoe option, on the Mexican Stock Exchange, and MXN 1,656,000,000.00, including the greenshoe option, on the NASDAQ.
The transaction, where BBVA Bancomer acted as Lead Underwriter for Mexico, was conducted satisfactorily considering the current market climate, placing 69 million shares for an amount equivalent to MXN 2,760,000,000.000 pesos.
The offering was distributed 40% local and 60% international and more than 40 international institutional investors took place, along with 7 local institutional clients and more than 400 local equity and private banking investors. The offering was met by a bid-to-cover ratio of 1.6 times.
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMA) operates and manages thirteen airports in Mexico: four in attractive tourist destinations and nine other in key regional and border centres. In 2012, OMA's airports served more than 12.5 million domestic and international passengers due to its broad offer of aeronautical and commercial services that meet international safety, security, environmental, and quality standards.