Cement Makers Push to Wrap up Bonds

Cement Makers Push to Wrap up Bonds

Mexico Peru Bonds

Peru’s Cementos Pacasmayo and Mexico’s Grupo Cementos Chihuahua (GCC) were each aiming to price new bonds as soon as today, according to people following the transactions, with the former trying for a 4%-handle. Each was scheduled to wrap up roadshows Thursday and would ideally issue ahead of continued supply coming next week, and amid growing concerns about increasing softness in the market. “There was a big risk-off mode [this week] and issuers want to get their deals done,” says an investor f

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