November 13, 2019
Mexico's Cemex sold $1 billion worth of 10-year bonds at par on Tuesday, a source with knowledge of the transaction told LatinFinance.
The debt, with a five-year non-call feature, was launched and sold with a 5.45% coupon, below guidance that had it in the 5.5% to 5.625% range, according to a second source.
The Monterrey-based cement company reported last month that consolidated net sales fell 1% to $3.5 billion in the third quarter this year, while operating EBITDA dropped 7% to $681 million fr
Mexican cement maker issues new 10-year notes at par to yield 5.45%, more than 200 bps below its last dollar deal in 2016