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Cemex Raises $1.4bn for Debt Swap

Sep 26, 2013

Cemex has raised $1.4bn in new bonds to fund a tender for more expensive notes due 2016, becoming the latest LatAm issuer to undergo a liability management trade while conditions are supportive. It is the cement maker’s third such operation this year and comes just weeks after a $1bn 2019 sale. The B/BB minus Mexican Cement maker priced 5 and 7-year bonds on...

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