Cemex Eases On ABS Price Talk

Cemex Eases On ABS Price Talk

Mexico Economy & Policy Structured Finance

Price talk for Cemex’s new local asset backed bonds is being heard at 100bp-130bp over TIIE as the Mexican cement company prepares to raise up to MXN2.8bn ($239m) on August 4. Price talk is 50bp higher than TIIE+80bp whispers quoted to investors last month, but still at least 70bp below the minimum of TIIE + 200bp some investors had been seeking to participate. The bond is backed by account receivables and carries a tenor that is slightly over 4-years, with proceeds slated for debt refinanc

Already have an account?

Free trial

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

Free Trial