ICA Hits the Road

Empresas ICA plans to meet bond investors in Europe and the US this week and next. The Mexican builder and engineer will see accounts beginning in London on Friday, followed by visits to New York Monday, Boston Tuesday and the US West Coast on Wednesday. Bank of America Merrill Lynch, Deutsche Bank and Goldman Sachs are managing the process. B1/BB minus rated ICA last visited the bond market in February 2011, when it reopened its $400m 8.900% coupon NC5 2021 bonds for $100m at 99.000 to yield 9.054%. BAML handled the retap alone, after being joined by Morgan Stanley and Santander for the original deal priced in the same month.