Unacem looks to cement debut
The lone Peruvian borrower in the pipeline is cement and concrete company Unión Andina de Cementos (Unacem), which will finish a roadshow on Friday and hold conference calls on Monday in advance of of a potential debut bond issue.
Unacem, which has gained first time ratings of Ba2/BB+ from Moody’s and S&P, will raise as much as $700m. Proceeds should be used to pay for its $553m acquisition of 98.57% of French Lafarge’s Ecuadorian business, announced in May. BBVA, Deutsche Bank and Scotiabank — the three bookrunners
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