Cemex Launches Tender

Cemex Launches Tender

Mexico Bonds

Cemex has launched a tender offer targeting $925m of its outstanding 9.50% 2016 bonds, it says, following up Monday’s $1bn sale of new 2019 bonds. The Mexican cement maker is offering holders $1,075 per $1,000 principal through an August 16 early deadline, and then $1,045 per $1,000 through the August 30 final deadline. The 2016 bond has $1.75bn outstanding, and was trading around 106.25-107.25 Tuesday, a trader says. In the latest in a series of liability management operations following last ye

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