Urbi’s Greek-Like Distress Captivating Greylock

Urbi’s Greek-Like Distress Captivating Greylock

Susana Gonzalez/Bloomberg

Urbi Desarrollos Urbanos SAB’s $300 million of dollar notes due in 2020 have plummeted 11 cents to 82 cents on the dollar in the past month, helping make homebuilder debt the worst-performing securities in Mexico.