Cemex to Issue at Least $400m

Cemex to Issue at Least $400m

Mexico Bonds

Cemex plans to issue a minimum of $421m in new 9.5% 2018 bonds as a result of its exchange offer launched at the beginning of the month to extend maturities of $7bn in debt, it says. The $421m amount reflects demand for the bonds – one of three new debt options on the table for accepting holders – as of the July 19 early deadline. The final amount of the new notes to be issued will determined after the August 20 final deadline and is subject to a $500m cap, which may be increased or decreased at

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