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Corp. Geo Selling $400 Million of 10-Year Bonds at 8.875%

Corp. Geo SAB, Mexico’s second-largest homebuilder, is selling $400 million of 10-year dollar bonds, according to a person familiar with the transaction.

The company is selling the bonds to yield 8.875 percent, said the person, who asked not to be identified because she’s not permitted to speak publicly. Citigroup Inc., JPMorgan Chase & Co. and Banco Santander SA are managing the sale, the person said.

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