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Listed Vehicle


Issuer

ICUA2CK

Type of vehicle

CKD (Development Capital Certificates)

Last Update
  May 28, 2025
Short Name
 BlackRock
Ticker symbol
 ICUA2CK 14
Investment sectors
 Energy, Infrastructure
Stock exchange
 Bolsa Mexicana de Valores (BMV)

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ISSUES
Maximum issuance amount
10,000,000,000 MXN
Capital calls scheme
Yes
Initial offering date
August 12, 2014
Term
15 years
 
 
   Amount*
    Date*
Initial offering
   2,000,000,000 MXN
    August 14, 2014
Subsequent offering
   799,999,650 MXN
    March 30, 2016
Subsequent offering
   399,999,675 MXN
    August 11, 2016
Subsequent offering
   1,499,999,863 MXN
    September 01, 2017
Subsequent offering
   669,999,937 MXN
    January 24, 2019
Subsequent offering
   419,999,968 MXN
    October 15, 2019
 
 
     Amount Issued
   5,789,999,093 MXN
Remaining amount **
   4,210,000,907 MXN

    * Reference is made to the amount effectively subscribed and the settlement date established in the issuance documents.
    ** Difference between the maximum issuance amount and the amount issued.

DESCRIPTION OF INVESTMENTS

Investment objective
The purpose is to invest in a diversified portfolio of infrastructure assets located in Mexico.
 
As of March 31, 2025 it has invested in
  •   Other investments made and/or assets investments
Outstanding events

- Apr. 30, 2025: 2024 Annual Report in XBRL format for Trust 17599-2
- Apr. 30, 2025: Q1 2025 Quarterly Information for Trust 17599-2
Accumulated divestments

- Sierra Oil & Gas, with a 14.22% stake in the capital. The Sierra Oil & Gas project was sold in March 2019.
- Los Ramones, with a 20.44% stake in its various constituent companies. The Los Ramones project was sold in October 2019.
- Tag Pipelines (Ramones Norte), which represents 2.88% of the capital. The Los Ramones project was sold in October 2019.

MANAGER
Manager
BlackRock México Infraestructura II, S. de R.L. de C.V
 Related group(s)
BlackRock


Key people or management team *
*The people established in the listing prospectus or, where appropiate, the available updates are taken as reference.
David Lawrence Giordano, Jerónimo Marcos Gerard Rivero, José María Zertuche Treviño, Carlos Álvarez Morales, Luis Mejía Avilés.

ADDITIONAL INFORMATION
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Source
Mexican Stock Exchange
Profile

REMARKS

The ICUAD2CK 14 and ICUAD2CK 17 ticker symbols correspond to series A and series B-1, respectively.
In Sep. 2017, the issuer announced the cancellation of series B-1 issued in Aug. 2017 and the corresponding reimbursement.
Dec. 2, 2024 – Grupo Financiero Citi México, in its capacity as trustee of the issuing trust agreement 17599-2 for the development capital certificates identified with the ticker symbol “ICUA2CK,” decided to exit its Consumer Banking and Commercial Banking businesses in Mexico. As part of this process, a new company (“NewCo Citi México”) was established, to which, among other assets, all shares of Banco Citi México were transferred.

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Source: elaborated by Mexico Projects Hub, based on public information available on the BMV or BIVA.
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