Markets Await Cemex Results

Markets Await Cemex Results

Mexico Bonds

Cemex is expected to announce the results of its offer to creditors as soon as today, following Monday’s deadline, as it seeks to extend maturities of $7bn in debt to 2017 from 2014. In a process launched last month, the Mexican cement maker is offering lenders an exchange of their current exposure into one or more of new 9.5% 2018 bonds, new loans paying Libor+525bp, new USD private placement notes paying 9.66%, or new yen-denominated private placement notes paying 7.735%. The interest rates on

Already have an account?

Free trial

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

Free Trial