Desarrolladora Homex SAB shares and bonds fell amid speculation that the Mexican homebuilder’s sale of its stake in two prisons to companies controlled by billionaire Carlos Slim won’t stop the drain on operating cash.
Vale SA , the world’s biggest iron-ore producer, is beating BHP Billiton Ltd. and Rio Tinto Group in the bond market on speculation record earnings will give the company enough cash to avoid borrowing.
Cia. Siderurgica Nacional SA, Brazil’s third-largest steelmaker, is paying the least to borrow relative to Gerdau SA in more than two months on prospects the economy will grow at the fastest pace in 24 years.
Cemex SAB’s bonds are yielding more than twice the average for Mexican corporate debt, prompting Citigroup Inc. and Barclays Plc to recommend buying the notes in a bet the company’s cement sales will weather the global economic slowdown.