Cemex Sees Demand for USD Floater

Cemex Sees Demand for USD Floater

Mexico Equity Bonds

Investors placed $1.9bn in orders for $800m in floating rate bonds due 2015 issued by Cemex Tuesday, according to bankers on the deal. The Mexican cement maker went out Tuesday morning planning both a euro and USD portion, but opted just for the dollar piece after getting most of the demand for that part. The 2015 priced at 99.001 with a coupon of Libor plus 500bp to give a discount margin of Libor plus 525bp, the tight end of 525.0bp-537.5bp guidance. The deal saw interest from 136 accounts, ac

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial