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Su Casita Defaults on Debt Payments

Oct 15, 2010

Mexico’s mortgage lender Hipotecaria Su Casita says it has defaulted on MXP730m, including MXP306m in long-term debt. Su Casita last week presented a restructuring plan to holders of MXP8.74bn in debt, offering longer-dated new debt and equity. The deal represents recovery of...

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It’s going to be a tough road for [Maduro]. Given the blow to Chavismo with the death of Chavez, there is a real likelihood of some form of real change in Venezuela.

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