Demand Means Early Tender Closing for Cemex

Demand Means Early Tender Closing for Cemex

Mexico Bonds

Cemex will repurchase $925m of its 9.50% 2016 bonds following the close of a tender offer, it says. The amount represents the maximum allowed, and follows the receipt of $1.33bn in offers from holders. There was $1.75bn outstanding prior to the offer. Cemex offered holders $1,075 per $1,000 principal through the August 16 early tender deadline, after which it has elected to close the offer. In the latest in a series of liability management operations following last year’s $6.7bn agreement with c

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial