Homex Bonds Fall on Liquidity Search

Homex Bonds Fall on Liquidity Search

Mexico Bonds

Homex bonds fell to the high 50 area in secondary trading on Monday, after the company said it was exploring options to increase short term liquidity. Traders said the bonds had already fallen to around 60 cents on Friday, from the low 80 cent area the previous day, when Corporacion Geo announced it would restructure its debt. Homex is considering issuing mezzanine debt or privately selling an equity stake in its infrastructure or penitentiary operations to increase its short term liquidity, it

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