Cemex Closes Buyback

Cemex Closes Buyback

Mexico Bonds

Cemex has received acceptance from holders of $470m in 2016 bonds and EUR181m ($250m) in 2017s at the close of a tender offer, it says, representing 57% and 82% 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 up to EUR220m of the 9.625% 2017s last month, and held a new bond sale to fund them. In the tenders, Cemex offered holders $1,032.50 per $1,000.00 principal amount for the 2016, plus an additional $30 befo

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