Cemex places dollar bonds

Cemex places dollar bonds

Bonds Debt Capital Markets Fixed Income Corporate & Sovereign Strategy Mexico Coronavirus

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

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