FINANCIAL INNOVATION - In Praise of Novelty
ICA’s 7.1bn peso 20.8-Year Bond
Just as Latin America felt the effects Just as Latin America
felt the effects of credit woes across the Atlantic, Empresas
ICA managed a historic bond issuance in its domestic market.
Mexico’s largest construction company brought to
market a 7.1 billion peso ($518 million), 20.8-year project
bond, in what observers billed as the first of its kind in the
Latin American country. The bond backed by construction
contracts was sold to banks and pension funds with the purpose
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