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Urbi Upsizes on Bid for Yield

Jan 30, 2012

Mexico’s Urbi Desarrollos Urbanos sold $500m in new 10-year non-call five bonds Friday, upsizing from a minimum $300m on the back of $2.5bn in demand from over 170 accounts. The Mexican homebuilder, rated Ba3/BB minus, priced at 98.442 with a 9.75%...

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