January 8, 2021 |
Mexican cement company Cemex sold $1.75 billion worth of 2031 bonds in the cross-border market on Thursday, said a source close to the deal.
The company priced the new 10.5-year non-call 5.5 notes at par to yield 3.875%, the source said.
BNP Paribas, Citi, Crédit Agricole, JPMorgan were the bookrunners, while BBVA, Intesa, Mizuho and Santander were the passive bookrunners, the source said.
Cemex opened the deal with initial price talk in the low to mid 4% area and set guidance at 3.875%, before
Mexican cement company prints $1.75 bln in new 10-year notes