Homex in $250 Million High Yield Bond Offering

September 28, 2005

Cleary Gottlieb represented Credit Suisse First Boston, as book-running manager and joint lead Manager in the Rule 144A/Reg S offering of $250 million of 7.50% Senior Guaranteed Notes due 2015 issued by Desarrolladora Homex, S.A. de C.V. (Homex). The notes will be eligible to trade in the PORTAL market and will be listed on EuroMTF, the alternative market of the Luxembourg Stock Exchange. The offering was Homex’s first high yield bond in the international capital markets.

Homex, a Mexican company, is the leading home developer in the Mexican market, offering affordable entry-level and middle-income housing in seventeen different Mexican states.