Tuesday, June 18, 2024

Logo Central America Link

Mexico's ICA takes grace period on bonds

Tuesday, December 1, 2015

Mexico's largest construction company ICA on Monday said it would take a 30 day grace period in paying some $31 million in interest to holders of its bonds due in 2024.

The firm's net loss more than tripled in the third quarter, hit by financing costs caused by a weak peso.

Source: Reuters