Cemex Raises $1.4bn for Debt Swap

Cemex Raises $1.4bn for Debt Swap

Mexico Bonds

Cemex has raised $1.4bn in new bonds to fund a tender for more expensive notes due 2016, becoming the latest LatAm issuer to undergo a liability management trade while conditions are supportive. It is the cement maker’s third such operation this year and comes just weeks after a $1bn 2019 sale. The B/BB minus Mexican Cement maker priced 5 and 7-year bonds on the back of more than $3bn demand, according to people following the sale. A $400m 2018 floating-rate tranche priced at par with a coupon o

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