Cemex raises $1 bln in bond return

Cemex raises $1 bln in bond return

Asset Management Bonds Debt Capital Markets Fixed Income Debenture Corporate & Sovereign Strategy Mexico

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

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