March 13, 2019 |
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
Mexican cement maker earns $450m from its third euro-denominated bond sale in less than three years