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Short and long-term documents:

12 Months Ended

Dec. 31, 2023

Note 11 — Short and long-term documents:

As a result of including Aerostar in the consolidation, as from May 31, 2017, the following long-term debt is recorded.

To finance a portion of the agreement payment to the Puerto Rico Authority, and certain other costs and expenditures associated with it, Aerostar entered into a note purchase agreement for the private placement of bonds on March 22, 2013 in the original amount of Ps.4,471 million pesos (USD$350 million) maturing on March 22, 2035 in accordance with the following conditions:


Performance	2.39	%
Spread credit (bps)	+336
Coupon	5.75	%

On June 24, 2015, Aerostar signed an agreement for private placement of bonds in the original amount of Ps.737 million pesos (USD50 million), maturing on March 22, 2035, based on the following conditions:


Performance		6.75	%

In May 2022, Aerostar modified the payment method of the agreement signed for the placement of bonds for USD50 million, which stipulated payments on a semi-annual basis and was modified to a single payment due on March 22, 2035, which did not represent any penalty for the Company and qualified as a renegotiation.

In May 2022, Aerostar authorized the private placement of bonds for an original amount of Ps.3,947,522 (USD$200 million) guaranteed with a quoted yield of 4.92% maturing on March 22, 2035, the disposition of the resources was in July 2022. Aerostar is financially obligated throughout the term of the bond, to maintain a debt coverage ratio greater than 1.0x with the measurement date of each quarterly closing. As of December 31, 2022, and 2023 the debt coverage ratio was 1.7x and 2.4x, respectively.

At December 31, 2022 the integration of the debt is shown as follows:


	Original debt		Interest		Credit line		Principal amortization		Interest		Term				Fair
	used in thousand USD		in thousand USD		in pesos		in pesos		in pesos		Short		Long		value
Bond	$	400,000	$	255	Ps.	6,602,407	Ps.	(222,568)	Ps.	(58,185)	Ps.	323,993	Ps.	5,997,661	Ps.	6,039,845
Bond		200,000		2,733		3,947,522						53,222		3,894,300		3,148,566
	$	600,000	$	2,988	Ps.	10,549,929	Ps.	(222,568)	Ps.	(58,185)	Ps.	377,215	Ps.	9,891,961	Ps.	9,188,411

At December 31, 2023 the integration of the debt is shown as follows:


	Original debt		Interest		Credit line		Principal amortization		Interest		Term				Fair
	used in thousand USD		in thousand USD		in pesos		in pesos		in pesos		Short		Long		value
Bond	$	400,000	$	(4,804)	Ps.	5,553,784	Ps.	(200,535)	Ps.	(35,047)	Ps.	297,803	Ps.	5,020,399	Ps.	5,702,759
Bond		200,000		2,733		3,430,040				5		46,245		3,383,800		3,324,656
	$	600,000	$	(2,071)	Ps.	8,983,824	Ps.	(200,535)	Ps.	(35,042)	Ps.	344,048	Ps.	8,404,199	Ps.	9,027,415

Inputs:

2022 and 2023:

Corporate risk through Yield Spreads to Maturity of comparable bonds of the “Transportations and Logistics” sector.

Level 2 of fair value hierarchy.

Methodology:

The following methodology was used to determine fair value in the terms of IFRS 13 the valuation technique used is one recognized in the financial environment (estimated future cash flows discounted at their present value) using market information available at the valuation date.