Shortcut links for your convenience

Viva Aerobus successfully completes $1,000 million pesos in long-term bonds

Published Thursday, February 14, 2019

Mexico City, February 14th 2019.- Last Tuesday, Viva Aerobus, Mexico's ultra-low-cost carrier, successfully completed the public offering of long -term bonds (Cebures in Spanish) on the Mexican Stock Market for $ 1,000 million pesos for a term of 5 years.

The bonds will pay interest at an annual rate equal to TIIE (Interbank Interest Rate of Equilibrium in Spanish) at 28 days + 2.18%. These bonds obtained high levels of credit rating by agencies HR Ratings and Verum, which assigned "HR AA" and "AA / M", respectively, reflecting the quality of the assets and the certainty of a timely payment.

This placement is part of the long-term Cebures fiduciary program of the Mexican Stock Market for an authorized amount up to 3,000 million pesos. This is the fourth time that the company has placed bonds on the market satisfactorily, having carried out two operations in 2018 and one in 2015.

Viva Aerobus will have as source of payment for this issuance the flows obtained by the payments of MasterCard, Visa, Carnet and American Express cards. Actinver and HSBC acted as brokers of the operation.

This offering allows to extend the term of the debt issued in 2015 with the ticker symbol VIVACB 15. 50% of the amount obtained will be used to prepay this bond, which was already being amortized. In this sense, despite the complex market environment, the rate of the new bond was reduced to TIIE + 2.18% compared to 2.20% of the previous bond. The remaining 50% of the resources will be destined to the growth and expansion of the company, focused on strengthening the national and regional connectivity of Mexico.

"We are very satisfied with the results of this operation, being one of the first companies to issue debt so far this year. With this issuance, we improve our debt profile and reduce interest expenses, thus strengthening the company's financial position. It is another example of the Mexican market's confidence in our ultra-low-cost business model and a proof of the strength of the bond offered", said José Golffier, CFO of Grupo Viva Aerobus.

About Viva Aerobus

Viva Aerobus is Mexico's low-cost airline. It started operations in 2006 and today operates the youngest Latin American fleet with 29 Airbus A320 in 104 non –stop routes to 45 destinations. With a clear vision to give all people the opportunity to fly, Viva Aerobus has democratized the airline industry with the lowest rates in México and the lowest costs in Latin America, making their flights the best value offer. For more information please visit: www.vivaaerobus.com/en

Contacts:

Walfred Castro, Corporate Communication Director of Viva Aerobus - wal-fred.castro@vivaaerobus.com

Tarssis Dessavre, Ejecutiva de Cuenta de PRoa Structura - tdo@proa.structura.com.mx – Tel. +52 55 5442 4642 - ext.26 / Cel. +52 1 55 2751 1709

All you need to fly

Facebook Link
Twitter Link
LinkedIn Link
Instagram Link