Urbi Desarrollos Urbanos skips April 19 interest payment on 2016 bonds

By Caroline Salls

Pittsburgh, April 19 - Urbi Desarrollos Urbanos, SAB de CV did not make the $6.4 million interest payment due April 19 on its 2016 bonds, according to a news release.

The company said it would take advantage of the 30-day grace period for making the payment as part of an ongoing analysis of its business and operations.

Urbi is a homebuilder based in Mexicali, Mexico.

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