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.