Cemex raises more euros

Cemex raises more euros

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Mexico

Mexico's Cemex has garnered €400m ($452m) from the sale of seven-year, euro-denominated bonds, LatinFinance has heard. The bookrunners Bank of America, BNP Paribas, Citi and Santander priced the notes at par to yield 3.125%, lowering the spread by 37.5bp from the initial price talk in the mid-3% area, said a banker on the deal. The banker added that demand was "strong" but declined to discuss the size of the order book. An investor in New York, however, said Cemex's bond sale suffered from growi

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