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Prospect News home > News index > List of issuers U > Headlines for Urbi Desarrollos Urbanos SAB de CV > News item |
Mexico's Urbi misses interest payment, cites restructuring talks
By Caroline Salls
Pittsburgh, April 3 - Urbi Desarrollos Urbanos, SAB de CV did not make the Ps. 3.6 million interest payment due April 1 on its trust certificates, according to a news release.
The company said it is in discussions with its creditors regarding a restructuring proposal.
Urbi is a homebuilder based in Mexicali, Mexico.
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