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HY Passes Test with ICA Bond

Jul 20, 2012

Mexico’s ICA has raised $350m in the bond market, booking about $2.4bn in demand and demonstrating that appetite exists for LatAm high-yield credits. The sale, upsized from $300m, represents the first non-FIG corporate bond from a LatAm high-yield issuer since early May, and the first from Mexico since March. The builder and...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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