Geo Postpones Bond

Geo Postpones Bond

Mexico Bonds Structured Finance

Maquinaria Especializada, a trust created by Mexican homebuilder Geo for the purpose of leasing construction equipment to the parent, is postponing a bond transaction, according to investors. The issuer is hoping to resume the process in about 2 weeks. It is planning a $160m 2020 bond, according to a Fitch report assigning a BB minus rating, and had been expecting to meet investors the past 2 weeks. Santander is sole lead on the deal. Geo sold $64.6m in construction equipment to Maquinaria Espec

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