Cemex Concedes Ground on Pricing

Aug 10, 2011

Mexican cement company Cemex conceded some ground to domestic investors Tuesday after pricing a MXP2.5bn ($202m) ABS due 2015 at benchmark rate TIIE+200bp, or 100bp over official price talk. “At the end of the day, they raised the pricing to...

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

Jan Dehn, Ashmore Investment Management