Homex Homes in on Buyside

Carlos Moctezuma, CFO of Mexican homebuilder Homex, tells LatinFinance his company is planning a “non-deal” roadshow and notes his team is in the process of setting up a meetings schedule. Credit Suisse is managing the tour. Fellow homebuilders Javer and Geo have issued dollar bonds this year looking to capitalize on the Mexican government’s moves to ensure continued demand for new homes in the country. Homex’s 7.50% 2015 bonds have recently traded to yield 8.38%, according to Credit Suisse data. S&P lowered the outlook Monday on Homex’s BB debt to negative from stable on higher than expected leverage in the last 12 months.