December 13, 2007
The lead banks on ICA's $1bn 4.5-year loan to fund construction of the 750M
The lead banks on ICA's $1bn 4.5-year loan to fund construction of the 750MW La Yesca hydroelectric project in Mexico are targeting 6-10 banks in a retail syndication expected to wrap up in January. On offer are $50m lead arranger, $30m arranger and $20m manager spots, with DnB Nor already in. Pricing is heard to be in the range of 50bp-60bp, say bankers away from the deal. WestLB is bookrunner on the deal, with NordLB, BBVA, Citi, Santander, Scotia and Natixis as MLAs.