September 15, 2020 |
Mexican cement maker Cemex raised $1 billion in the cross-border bond market on Monday, raising cash to refinance debt.
The company priced the new 2030 non-call five notes at par to yield 5.2%, with orderbooks reaching around $6 billion, a source involved in the deal told LatinFinance.
JP Morgan, Bank of America, and BNP Paribas jointly led the transaction, while HSBC, ING, Intesa SanPaolo, and Santander acted as passive bookrunners, another source involved in the deal said.
The company started
Mexican cement company prints $1 billion in 10-year notes to refinance debt