Cemex book booms on dollar return to continue LM

Cemex, Mexico, cement, LatAm, Wembley
By Oliver West
14 Nov 2019

Mexican cement company Cemex attracted nearly $4bn of orders on the way to a first dollar deal in three years on Tuesday. Bankers said the company’s active debt management was gaining a strong following.

Though Cemex has been very active cleaning up its curve in the euro market in recent years, it had not tapped dollar buyers since a 10 year deal issued in March 2016 that came at 7.75%.

But both bond markets and Cemex — rated BB/BB, up from B+/BB- in ...

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