GEO Upsizes Domestic Issue

Corporacion Geo has issued MXP400m ($34m) in 3-year floating rate bonds at TIIE+320bp, upsizing from an initial target size of MXP200m. Proceeds are for general corporate purposes. Fitch upgraded the homebuilder’s rating to BB minus from B plus with stable outlook earlier this month. BBVA Bancomer managed the deal.