DEFAULT BLUES.Bufete Industrial, one of Mexico's largest construction firms, has become the latest Mexican Mexican named after or originating in Mexico. Mexican axolotl see ambystomamexicanum. Mexican beaded lizard (Heloderma horridum corporate borrower to default on its debt, raising fears that international capital may avoid the nation's companies. Bufete announced it was unable to make its July July: see month. 15 payment, plus interest, on a US$100 million Eurobond Eurobond A bond that is denominated in a different currency than the one of the country in which the bond is issued. Notes: A eurobond is usually categorized by the currency in which it is denominated, and is usually issued by an international syndicate. . The company also owes $60 million to several banks. "This will make it more difficult for companies with weak balance sheets to obtain financing at acceptable terms," says Damian Fraser, a Warburg Dillon Read Investment bank created by the 1997 merger of S.G. Warburg & Co. and Dillon, Read & Co. Subsequently renamed UBS Warburg and now part of UBS AG, where the Warburg name was eventually dropped. analyst. Bufete is Mexico's third high-profile firm to default on international debt payments this year. The others: Steelmaker Ahmsa and construction firm Tribasa. |
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