ICA Seeks Perp

Mexico’s ICA plans to meet investors next week ahead of a dollar denominated perpetual bond issue, according to investors. The builder and engineer is planning a two-team roadshow. Monday through Thursday, one team will meet investors in Singapore, Hong Kong, Switzerland and London. A second team will begin Tuesday in Boston and New York. BAML, MS and Santander are managing the deal. ICA has been an infrequent user of the bond markets in recent years. Its last cross-border bond deal was a $150m 5-year in 1996, according to Dealogic data.