Cemex Sees Strong Early Tender Response

Cemex Sees Strong Early Tender Response

Cemex has received acceptance from holders of $470m in 2016 bonds and EUR179m ($242m) of its 2017s as of early tender deadlines, it says, amounts representing 60% and 81% of the respective targeted amounts. The B/BB minus Mexican cement maker launched the cash offers for all $825m of the 9.50% 2016s and EUR220m of the 9.625% 2017s last month, and held a new bond sale to fund them. In the tenders, Cemex is offering holders $1,032.50 per $1,000.00 principal amount for the 2016, plus an additional

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