Mexico’s Corp. Geo to Sell 10-Year Dollar Bonds Soon as Tomorrow

Corp. Geo SAB, Mexico’s second- largest homebuilder, plans to sell 10-year dollar bonds as soon as tomorrow, according to a person familiar with the transaction.

Citigroup Inc., JPMorgan Chase & Co. and Banco Santander SA (SAN) are arranging the sale of the bonds, which are callable after five years, said the person, who asked not to be identified because he’s not allowed to speak publicly.

The proceeds will be used to pay down existing debt, the person said.

To contact the reporter on this story: Veronica Navarro Espinosa in New York at vespinosa@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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