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GEO Readies MXP Bonds
Mexican homebuilder Corporacion GEO has filed for a bond offering of up to MXP2bn in long-term notes. The company is heard to be considering tenors of three and five years. Proceeds will repay short-term debt, as well as cover a $300m March maturity. The issue is rated A- on a local scale. Banorte and Santander will manage the sale.
