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Cement Makers Push to Wrap up Bonds

Feb 1, 2013

Peru’s Cementos Pacasmayo and Mexico’s Grupo Cementos Chihuahua (GCC) were each aiming to price new bonds as soon as today, according to people following the transactions, with the former trying for a 4%-handle. Each was scheduled to wrap up roadshows Thursday and would ideally issue ahead of continued supply coming...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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