Trinidad Cement said to be waiting for better conditions

Trinidad Cement said to be waiting for better conditions

Bonds

Trinidad Cement was heard to be waiting for better market conditions on Friday, two days after issuing initial price thoughts of 9.5% for a possible seven year non-call four bond of up to $325m. The B/B- rated firm was said to be considering issuing a dollar tranche of $275m to $300m, and a Trinidadian dollar tranche of $25m to $50m equivalent. The initial price indications pointed to a cost of funding similar to the firm’s current blended average, one investor said. “All that printing a deal wo

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