BBVA Participates as Joint Bookrunner in the placement of Sustainability-Linked Notes by Grupo Aeroportuario Del Pacífico

We are pleased to announce the successful placement of Sustainability-Linked Notes by Grupo Aeroportuario del Pacífico (GAP) with a rating of mxAAA(S&P) / Aaa.mx (Moody's), for a total of MXN 5.40 billion. The deal was made through a combination of formats:

• GAP23L: MXN 1.1bn placed at TIIE+ 22 bps at a floating rate and a term of 3 years.
• GAP23-2L: MXN 4.2bn placed at a spread of 73 bps over the M Bono 2029-2031.

BBVA participated as Joint Bookrunner in the issuance, in which demand totaled approximately MXN 14.2bn, (3.17 times the amount offered). The notes were taken up by a diversified base of investors, among them Afores, development banks / decentralized agencies, brokerage firms / money desks, mutual funds and insurance companies, as well as private banks and independent advisors.

The target indicator to which these notes are linked is a 25% reduction in absolute Scope 1 and 2 GHG emissions by GAP’s 14 airports in Mexico by 2025, against the base year of 2019.

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) is a private airport service operator which since 1998 has held a 50-year concession to operate twelve airports throughout Mexico’s Pacific region, including two major cities--Guadalajara and Tijuana--four tourist destinations--Puerto Vallarta, Los Cabos La Paz and Manzanillo—and six mid-sized cities—Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis.

We are grateful to GAP for their confidence and for having chosen us as Joint Bookrunner for this successful deal. We reiterate our commitment to the group to continue working alongside them on their growth plans as they contribute to the development of air transport.