ICA Shares Plunge With Bonds After Mexican Builder Misses Coupon

  • Company says it'll use 30-day grace period to make payment
  • Shares tumble to a record low in Mexico City trading

Empresas ICA SAB shares fell to a record low and bonds tumbled after Mexico’s biggest builder said it would use a 30-day grace period to make a $31 million interest payment that was due this week.

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