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International bonds: Urbi Desarrollos Urbanos, 8.50% 19apr2016, USD
USP9592YAF09

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Restructuring

Issue
Issuer
  • M/S&P/F
    -/-/-
    -/-/-
Status
Redemption default
Amount
150,000,000 USD
Placement
***
Early redemption
*** (-)
Country of risk
Mexico
Current coupon
***%
Price
***%
Yield / Duration
-
Corporate Actions Issuer news
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Issue information

Profile
Urbi Desarrollos Urbanos S.A.B. de C.V. is a Mexico-based home developer. Its business is divided in two units: housing development, engaged in land acquisition and design, the construction and marketing of low-rise residential housing, as well ...
Urbi Desarrollos Urbanos S.A.B. de C.V. is a Mexico-based home developer. Its business is divided in two units: housing development, engaged in land acquisition and design, the construction and marketing of low-rise residential housing, as well as residential tourist housing, and housing related activities, including investments in land for commercial purposes, large scale planned projects, housing furniture and equipment and financial services. The Company’s projects are supported by two information technology (IT) platforms: UrbiNet and UrbiNova, which maintain the scalability of operations. During 2008, the Company initiated operations in five new cities Aguascalientes, Cancun, Irapuato, Mazatlan and San Luis Potosi.
  • Borrower
    Go to the issuer page
    Urbi Desarrollos Urbanos
  • Full issuer name
    Urbi Desarrollos Urbanos S.A.B. de C.V.
  • Sector
    corporate
  • Industry
    Construction and development
Volume
  • Amount
    150,000,000 USD
Nominal
  • Minimum Settlement Amount
    2,000 USD
  • Outstanding face value
    *** USD
  • Par amount, integral multiple
    *** USD
  • Nominal
    1,000 USD

Cash flow parameters

  • Reference rate
    ***
  • Coupon Rate
    ***
  • Day count fraction
    ***
  • Interest Accrual Date
    ***
  • Coupon frequency
    *** time(s) per year
  • Payment currency
    ***
  • Delay days
    *** days
  • Maturity date
    ***
  • Early redemption date
    ***

Cash flow

Calculations for international bonds are made according to the minimum trading lot

Early redemption terms

***

Debt Servicing

DATA PLATFORM FOR FINANCIAL MARKET PROFESSIONALS AND INVESTORS
  • High performance interface for global bond market screening
  • Full information on close to 400,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 60 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

Placement

  • Placement method
    Open subscription
  • Order book
    *** (***) - *** (***)
  • Coupon (Yield) Guidance
    ***% - ***% (*** - ***%)
  • Placement
    *** - ***
  • Initial issue price (yield)
    (***%)
  • Bids
    *** USD
  • Number of bids
    ***
  • Geographic breakdown
    ***
  • Investor breakdown
    ***
  • The purpose of placing
    We expect the net proceeds from the sale of the notes will be approximately US$147.4 million, after deducting the discount and fee to the initial purchasers and the estimated offering expenses. We expect to use such net proceeds to repurchase certain certificados burs?tiles of ours, which were issued in the amount of Ps.1.0 billion (US$93.4 million) in 2005 and in the amount of Ps.500.0 million (US$46.7 million) in 2003, of which Ps.1,487.8 million (US$138.9 million) was outstanding as of December 31, 2005 and to repay certain other outstanding indebtedness. The remainder, if any, will be used for general corporate purposes. For a description of our outstanding indebtedness, see “Capitalization” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations?Liquidity and Resources.” 22 EXCHANGE RATES On December 21, 1994, Banco de M?xico implemented a floating foreign exchange rate regime under which the Peso is allowed to float freely against the U.S. Dollar and other foreign currencies. Banco de M?xico will intervene directly in the foreign exchange market only to reduce what it deems to be excessive short-term volatility. Since mid-2003, Banco de M?xico has been conducting auctions of U.S. Dollars in an attempt to reduce the levels of its foreign reserves. Banco de M?xico conducts open market operations on a regular basis to determine the size of Mexico’s monetary base. Changes in Mexico’s monetary base have an impact on the exchange rate. Banco de M?xico may increase or decrease the reserve of funds that financial institutions are required to maintain. If the reserve requirement is increased, financial institutions will be required to allocate more funds to their reserves, which will reduce the amount of funds available for operations. This causes the amount of available funds in the market to decrease and the cost, or interest rate, to obtain funds to increase. The opposite happens if reserve requirements are lowered. This mechanism, known as “corto” or “largo,” as the case may b
  • Listing
    ***
Participants
  • Paying agent
    ***
  • Trustee
    ***

Conversion and exchange

  • Convertion date
    ***
  • Initial premium
    ***%
  • Convertible until
    ***
  • Lock-up
    *** days
  • Conversion terms

Additional information

***

Latest issues

Stocks

Identifiers

  • Registration
    ***
  • Date of program registration
    ***
  • ISIN RegS
    USP9592YAF09
  • CUSIP RegS
    ***
  • CUSIP 144A
    ***
  • Common Code RegS
    025197453
  • CFI RegS
    DBFUGR
  • FIGI RegS
    BBG0000C5T76
  • WKN RegS
    A0GRKJ
  • SEDOL
    B196WQ5
  • Ticker
    URBIMM 8.5 04/19/16 REGS
  • Type of security by CBR
    ***

Bond classification

  • Registered
  • Coupon bonds
  • Restructuring
  • Amortization
  • CDO
  • Convertible
  • Dual currency bonds
  • For qualified investors
  • Foreign bonds
  • Green bonds
  • Indexed
  • Supranational bond issues
  • Mortgage bonds
  • Perpetual
  • Payment-in-kind
  • Non-Marketable Securities
  • Redemption Linked
  • Retail bonds
  • Covered
  • Securitization
  • Structured product
  • Subordinated
  • Sukuk
  • Trace-eligible

Restructuring

***

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