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Cemex to Issue at Least $400m

Jul 26, 2012

Cemex plans to issue a minimum of $421m in new 9.5% 2018 bonds as a result of its exchange offer launched at the beginning of the month to extend maturities of $7bn in debt, it says. The $421m amount reflects demand for the bonds – one of three new debt options on the table for accepting holders...

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

Jan Dehn, Ashmore Investment Management