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Emerging MarketsEM LatAm

Cemex binds crossover, EM bid to drive pricing tighter

Cemex, texas, plant, cement, 575, LatAm

Latin American bond bankers were hopeful that Cemex’s blowout bond issue on Tuesday could cajole other issuers into the market after the Mexican cement producer navigated volatile secondary market and a rating downgrade to notch a hefty order on the way to a $1bn seven-year bond.

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