Euro, US fans come out for Cemex

Euro, US fans come out for Cemex

Bonds

Investors piled into Cemex’s dual-tranche bond sale on Tuesday, pushing the cement company to increase the size of its euro offering to €400m at the same time as it sold a $1bn bond. Both tranches were heard to be five times oversubscribed. Lead managers Credit Agricole, Citi, HSBC, JPMorgan and Santander priced the euro-denominated 7-year non-call 3 bond at par to yield 5.25% and the $1bn 10-year NC 5 dollar bond to yield 6%, sources told LatinFinance. The company had initially planned to sell

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