Mexican finance officials said they wouldn’t make a better offer to bondholders who invested in Mexico City’s stalled airport construction project and have refused the government’s request to alter repayment terms, WSJ Pro Bankruptcy reported. Mexico’s finance ministry said Sunday that it had put forth “a balanced and market-friendly transaction” to holders of $6 billion in debt issued for a major airport project that the country’s new administration wants to cancel. The government warned that if creditors didn’t accept those terms it would “reconsider what alternatives are available.” In response, a creditor committee said yesterday that it “strongly believes” that Mexico should improve its offer, which would buy back $1.8 billion in bonds while changing the terms of the rest.
