ICA Skips Debt Payment as $1.35 Billion Bond Default Looms

  • Builder will be advised by Rothschild, FTI to develop plan
  • Process set to spark Mexico's biggest bond default in 20 years

Empresas ICA SAB will skip a debt payment due by the end of the month as Mexico’s biggest construction company heads for the nation’s biggest default in at least two decades. Stocks and bonds declined.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.