Demand for Mexico Debt Grows

Morgan Stanley today boosted its 2010 growth forecast for Mexico on the prospect it will benefit from a recovery in the U.S., the Latin American country’s biggest trading partner.

  • The companies join cement maker Cemex SAB and Sigma Alimentos SA in selling debt abroad as the Mexican economy looks to grow in 2010. Mexico’s Cemex, the world’s No. 3 cement maker, said on Wednesday it is selling 4.127 billion pesos in convertible bonds.
  • Mexico’s Cemex, the world’s No. 3 cement company, sold around $2.1 billion in bonds on Wednesday
  • Desarrolladora Homex SAB and Grupo Posadas SAB plan to sell bonds in overseas markets, part of a pickup in Mexican corporate debt issuance amid rising investor demand for the country’s assets.
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