$47 Million Debt Offer From Mexican Constructor Geo

Mexico’s largest housing construction company, Corporación Geo, has announced that it will offer 500 million pesos ($46.6 million) of four-year debt today in the first tranche of a 1 billion pesos issuance. Geo will issue 5 million exchange certificates worth 100 pesos each. The offering has been rated mxA by Standard & Poor’s. It will be managed by Banorte and Multivalores.