New Issue: Mexico's ICA prices Ps. 7.1 billion of 20.8-year bonds in two tranches

By Susanna Moon

Chicago, Sept. 30 - Empresas ICA, SAB de CV priced Ps. 7.1 billion of 20.8-year certificados bursatiles in two tranches to finance two social infrastructure projects.

The issue consists of Ps. 5,323,000,000 of peso-denominated 10.1% notes and Ps. 1,777,000,000 equivalent of UDI-denominated bonds with a real interest rate of 5.65%, according to a company press release.

Proceeds will be used for the investments required to meet the contractual obligations with the Ministry of Public Security in the respective long-term services provider contract agreements, including the construction and operations startup of the projects.

Empresas ICA is a construction company based in Mexico City.

Issuer:	Empresas ICA, SA de CV
Issue:	Certificados bursatiles
Amount:	Ps. 7.1 billion
Maturity:	20.8 years
Pricing date:	Sept. 28
Settlement:	Sept. 30
Peso-denominated tranche
Amount:	Ps. 5,323,000,000
Coupon:	10.1%
UDI-denominated tranche
Amount:	Ps. 1,777,000,000
Coupon:	5.65%

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