Cemex Gets Convert Overallotment

Cemex Gets Convert Overallotment

Equity

Cemex has raised $715m from its convertible bond sale, it says, adding 100% of a $65m overallotment to the $650m it raised last week. The 2015 optionally convertible securities pay a coupon of 4.875% and are convertible immediately into ADSs at a 30%

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