Mexico Prolongs Junk Bond Fiesta

Mexico Prolongs Junk Bond Fiesta

Mexico

Mexican high-yield issuers refuse to grant the buyside its usual sleepy end of year. Fallen blue-chip Cemex is tempting investors with spread, while the country’s smaller names – homebuilder Homex, hotel operator Posadas and food group Sigma – are testing the waters while conditions are still good. Ba3/BB minus Homex wants to issue a $250m 10-year NC5 bond, after setting out last week on investor meetings without formally announcing a deal. The homebuilder is expected to price by the end of the

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