Homex Nails Bond in Full Mexican Field

Dec 9, 2009

Homex has sold $250m in 2019 bonds, becoming the third Mexican Homebuilder this year to take advantage of high-yield appetite. The Ba3 /BB minus rated issuer priced at 98.426 with a 9.500% coupon to yield 9.750%, or UST plus 635.9bp. The yield was bang on 9.75% area guidance,...

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