Mexico airport bond buyback hits resistance from investor group

12/06/2018 – Reuters

14946569737_77e2f48637_bMEXICO CITY, Dec 5 (Reuters) – A group of investors in bonds issued for the construction of a new Mexico City airport that the government is scrapping has pushed back against a buyback of the debt.

Mexico said on Monday that it would buy back up to $1.8 billion of $6 billion in debt issued to fund the airport.

The leftist government of President Andres Manuel Lopez Obrador, which took power on Saturday, has said it is canceling the partly-built project.

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