Business · Companies · 3 hrs ago
Mexico pays $566 million bond tied to canceled Texcoco airport
A government trust paid off a $566 million bond that came due in 2026.
The debt is linked to the planned new airport in Texcoco, near Mexico City, which was canceled in 2018.
Investors had bought bonds to help finance that project, and the debt still has to be repaid even though the airport was never built.
The Mexico City airport’s passenger fees help cover the debt, through a trust called MEXCAT.
The trust says $3.152 billion in debt remains, with three bond issues still in circulation.
The payment was made without affecting the airport’s finances or operations, according to the government, and fee income also helps fund renovation work.
MEXCAT will continue paying the remaining obligations, with the final payment scheduled for 2047.
Mexico’s MEXCAT trust paid off a $566 million bond due on November 2, 2026, linked to the canceled Texcoco airport project.
The payment reduced the remaining debt to $3.152 billion.
The debt stems from bonds issued to finance the planned New Mexico International Airport, which was canceled in 2018.
Airport usage fees, known as TUA, help fund payments to bondholders.
The government says the payment did not affect the Mexico City airport’s finances or operations.
- Who
- The federal government, through the MEXCAT trust, repaid the bond.
- What
- It paid off $566 million in guaranteed senior notes, leaving $3.152 billion in debt.
- When
- The notes were due on November 2, 2026; the reports were published on November 3, 2026.
- Where
- The debt is linked to the canceled airport project in Texcoco and is serviced through the Mexico City airport’s MEXCAT trust.
- Why
- The payment met financial obligations to investors who financed the planned airport.
This story does not have two clearly opposing sides.
The government announced the cancellation of the New Mexico International Airport project in Texcoco.
Passenger numbers at the Mexico City airport grew at an average annual rate of 4%.
The $566 million notes reached maturity.
Reports said the notes had been fully repaid and the remaining debt was $3.152 billion.
- Bond repayment
- $566 million
- Remaining debt
- $3.152 billion
- Bond maturity
- November 2, 2026
- Airport operations
- Capacity increased from 43 to 46 operations per hour
- Passenger growth
- 4% average annual growth, 2021–2025
3 sources
What people are saying
It is important to highlight the support, coordination and ongoing monitoring of the Ministry of Finance and Public Credit, whose participation contributed to the timely fulfillment of this commitment
It should be noted that the commitments associated with Bond 2026 were met without affecting the finances or operational performance of the Airport, while management of TUA flows made it possible to optimize their use and contribute to funding the first and second phases of renovation works