Cemex Ups EUR Buyback

Cemex Ups EUR Buyback

Mexico Bonds

Following a $1.5bn sale of 2018 and 2021 NC4 bonds last week, Cemex is increasing the maximum amount of euro-denominated 9.625% 2017 bonds it is seeking to buy back in an accompanying tender, it says. The Mexican cement maker is now targeting EUR220m ($301m), up from EUR150m. There is EUR350m outstanding in the 2017, and $825m in the 2016 USD bond simultaneously targeted. In the tenders, Cemex is offering holders $1,032.50 per $1,000.00 principal amount for the 2016, plus an additional $30 if th

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