Cemex to Churn Out Convertibles

Mar 9, 2011

Cemex is set to determine a price today on $1.2bn in new bonds convertible to ADS, it says, implementing a plan approved by shareholders last month. The Mexican cement maker, in the latest of a series of transactions following a 2009 debt...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management