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Derivative financial instruments (Tables)
12 Months Ended
Dec. 31, 2020
Disclosure Of Fair Value Of Derivative Financial Instruments [Abstract]  
Summary of Characteristics and Fair Value of Derivative Instruments

The main characteristics and the fair value of these derivatives as of December 31, 2018, 2019 and 2020 are as follows:

 

 

 

Notional

amount

(millions)

 

 

Hedge

start date

 

Rate

 

 

Floor

 

 

CAP 1

 

 

CAP 2

 

 

Due date

 

Fair value as of

December 31,

2018

 

HSBC

 

USD

$

95.5

 

 

March 2016

 

Libor 30

 

 

 

0.42

%

 

 

1.75

%

 

 

2.75

%

 

January 2021

 

Ps.

 

25,572

 

HSBC

 

USD

$

95.5

 

 

March 2016

 

Libor 30

 

 

 

0.42

%

 

 

1.75

%

 

 

2.75

%

 

February 2021

 

 

 

26,369

 

Scotiabank

 

Ps.

 

2,200.0

 

 

April 2016

 

TIIE 28

 

 

 

4.05

%

 

 

5.75

%

 

 

6.75

%

 

February 2021

 

 

 

24,257

 

HSBC

 

Ps.

 

1,500.0

 

 

May 2017

 

7.21%

 

 

 

 

 

 

 

 

 

 

 

March 2022

 

 

 

60,259

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ps.

 

136,457

 

 

 

Notional

amount

(millions)

 

 

Hedge

start date

 

Rate

 

Floor

 

 

CAP 1

 

 

CAP 2

 

 

Due date

 

Fair value as of

December 31,

2018

 

HSBC

 

USD

$

95.5

 

 

March 2016

 

Libor 30

 

 

0.42

%

 

 

1.75

%

 

 

2.75

%

 

January 2021

 

Ps.

 

667

 

HSBC

 

USD

$

95.5

 

 

March 2016

 

Libor 30

 

 

0.42

%

 

 

1.75

%

 

 

2.75

%

 

February 2021

 

 

 

619

 

Scotiabank

 

Ps.

$

2,200.0

 

 

April 2016

 

TIIE 28

 

 

4.05

%

 

 

5.75

%

 

 

6.75

%

 

February 2020

 

 

 

3,400

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ps.

 

4,686

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HSBC

 

Ps.

 

1,500.0

 

 

May 2017

 

7.21%

 

 

0.00

%

 

 

0.00

%

 

 

0.00

%

 

March 2022

 

Ps.

 

(17,998

)

Scotiabank

 

Ps.

 

2,300.0

 

 

February 2019

 

8.0315%

 

 

0.00

%

 

 

0.00

%

 

 

0.00

%

 

November 2022

 

 

 

(86,998

)

Scotiabank

 

Ps.

 

3,000.0

 

 

February 2019

 

8.03%

 

 

 

 

 

 

 

 

 

 

March 2024

 

 

 

(160,983

)

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ps.

 

(265,979

)

 

 

 

Notional

amount

(millions)

 

 

Hedge

start date

 

Rate

 

Floor

 

 

CAP 1

 

 

CAP 2

 

 

Due date

 

Fair value as of

December 31,

2020

 

HSBC

 

USD

$

95.5

 

 

March 2016

 

Libor 30

 

 

0.42

%

 

 

1.75

%

 

 

2.75

%

 

January 2021

 

Ps.

 

(476

)

HSBC

 

USD

$

95.5

 

 

March 2016

 

Libor 30

 

 

0.42

%

 

 

1.75

%

 

 

2.75

%

 

February 2021

 

 

 

(857

)

HSBC

 

Ps.

 

1,500.0

 

 

May 2017

 

7.21%

 

 

 

 

 

 

 

 

 

 

March 2022

 

 

 

(57,090

)

Derivatives designated as hedge financial instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Scotiabank

 

Ps.

 

2,300.0

 

 

February 2019

 

8.0315%

 

 

 

 

 

 

 

 

 

 

November 2022

 

Ps.

 

154,741

 

Scotiabank

 

Ps.

 

3,000.0

 

 

February 2019

 

8.03%

 

 

 

 

 

 

 

 

 

 

March 2024

 

 

 

(335,752

)

Scotiabank

 

Ps.

 

3,000.0

 

 

March 2020

 

6.332

 

 

 

 

 

 

 

 

 

 

February 2025

 

 

 

(201,788

)

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ps.

 

750,704