Cemex Continues Maturity Extension

Cemex Continues Maturity Extension

Mexico Bonds

Fresh off of last month’s $7bn refinancing agreement, Cemex has returned to the bond market to raise $1.5bn to continue its maturity extension efforts. Taking advantage of improvements in its own secondary performance and of continued investor appetite for yield, the cement maker generated $7bn in demand for the new 2022 NC5. “Their yields have recovered and their debt swap transaction helped, and they must have thought now is a good time to come to the market,” says a credit analyst following t

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