Cemex Eyes Convert Takeout

Cemex Eyes Convert Takeout

Mexico Bonds

Cemex is eyeing ever lower interest payments for more than $2bn of its outstanding bonds, and could undergo additional liability management operations this year, its CFO tells LatinFinance. “We want to be a proactive issuer, and wanted to have the road open to refinance the convertibles due 2015, 2016, and 2018. We wanted to have the permit and approval in case we should move forward this year,” Fernando Gonzalez says, referring to the convertible bonds it received approval to exchange in March.

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