GCC terms out debt with 2024 trade

GCC terms out debt with 2024 trade

Mexico Bonds

Grupo Cementos de Chihuahua (GCC) printed $260m in 2024 non-call four notes on Tuesday, taking advantage of healthy investor appetite for cross-border securities. The Mexican cement company issued the fresh debt in conjunction with a buy back of its 8.125% 2020s, debt capital markets sources said, and holders of the 2020s were understood to have flocked to the new trade. BBVA, Citi and Scotiabank started initial price talk on the Rule144A/Reg S bond in the 5.75% area, before tightening

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