Cementos Argos Closes Books

Cementos Argos Closes Books

Colombia Equity

Colombia’s Cementos Argos closed books Wednesday on an equity follow-on targeting more than COP2.0trn ($1.09bn), with pricing expected today. Books were heard to be more than covered Wednesday, according to people following the sale. The cement producer is offering up to 250m preferred shares at COP7,700-COP9,300 each, which would mean a COP2.125trn deal at the COP8,500 midpoint. The sale includes Colombian and international offers. The issuer elected to set a price range for the transaction, du

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