Cemex wraps up tender offer

Cemex wraps up tender offer


Cemex has bought $597m of its outstanding 9.25% 2020 notes and $483m of 9.0% 2018 notes, the company said on Tuesday as it announced the results of a tender offer. The buyback followed a dual-tranche bond sale in late March in which Cemex raised $1.5bn. The Mexican cement maker was giving first priority in the buyback to a $1.19bn 2020 senior secured bond issued by Cemex Espana, with the offer also open to a $1.65bn 2018 secured bond. Cemex has accepted for purchase all $597m of the 2020 bonds t

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