December 3, 2018 / 1:33 PM / 15 days ago

Mexico trust offers tender for $1.8 bln of airport bonds

MEXICO CITY, Dec 3 (Reuters) - The Mexico City Airport Trust said on Monday it would buy back up to $1.8 billion of $6 billion in debt issued to fund the construction of a new airport for Mexico City, a project Mexico's new president has said he will cancel.

The trust said in a statement that the tender offer for four different notes was being carried out as a modified "Dutch Auction" that will "allow holders to submit their notes for repurchase at a price between US$900 and US$1,000 per US$1,000 principal amount of notes." (Reporting by Michael O'Boyle Editing by Chizu Nomiyama)

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