December 18, 2006
Mexican cement producer Grupo Cementos de Chihuahua (GCC) said Friday it ha
Mexican cement producer Grupo Cementos de Chihuahua (GCC) said Friday it had fully repaid its $1.2 billion peso bond that was issued and placed in the domestic Mexican market in December 2001. In August, GCC closed a $250 million, seven-year syndicated credit to improve its debt profile and finance investments. The company drew down the remaining $160 million of the loan and used $130 million to repay the $1.2 billion pesos under a cross-currency swap. GCC operates in Mexico, the US and Bolivia.