By Christine Van Dusen
Atlanta, July 19 - Mexico's Empresas ICA SAB de CV priced a $350 million issue of 8 5/8% notes due July 24, 2017 (B1) at par to yield 8 5/8%, a market source said.
The notes were talked in the 9% area.
Bank of America Merrill Lynch, Deutsche Bank and Goldman Sachs were the bookrunners for the Rule 144A/Regulation S notes, which are non-callable for 2½ years.
ICA is a Mexico City-based construction company.
| Issuer: | Empresas ICA SAB de CV
|
| Amount: | $350 million
|
| Maturity: | July 24, 2017
|
| Description: | Senior notes
|
| Bookrunners: | Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs
|
| Coupon: | 8 5/8%
|
| Price: | Par
|
| Yield: | 8 5/8%
|
| Call features: | Non-callable for 2½ years
|
| Trade date: | July 19
|
| Settlement date: | July 24
|
| Expected ratings: | Moody's: B1
|
| Distribution: | Rule 144A/Regulation S
|
| Price talk: | 9% area
|
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