Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Urbi Bonds Tumble on Report Company May Have Missed Loan Payment

Bonds sold by Mexican homebuilder Urbi Desarrollos Urbanos SAB tumbled after a column in the Mexico City daily El Universal said the homebuilder may have missed a loan payment to Prudential Financial Inc.

Columnist Alberto Aguilar reported that Urbi may have missed a loan payment of $60 million to Prudential without saying how he obtained the information.

Urbi bonds due in 2022 fell 8.39 cents to 75.19 cents on the dollar at 2:29 p.m. in Mexico City, pushing the yields up 1.63 percentage points to 14.86 percent, according to data compiled by Bloomberg. The price is the lowest on a closing basis since the securities were issued in January 2012.

Alma Beltran, a press official at Urbi, said executives weren’t immediately available to comment because they were attending an industry event in New York. John Chartier, a spokesman at Prudential, declined to comment.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.