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BESI leads bond issue of largest Mexican construction company

BESI as Joint Bookrunner on a US$ 700 million Bond Issue

MEXICO CITY, BESI

BESI was Joint Bookrunner on a US$ 700 million Bond Issue by Empresas ICA, SAB de CV, the largest Mexican construction company. The notes have a maturity of 10 years (non redeemable for 5 years) and pay a coupon of 8.875%. The issue increased ICA’s liquidity and extended the maturity of its debt.

The proceeds will be used to finance the repurchase of Bonds maturing in 2017 and for the early repayment of other debts.

 

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