Unacem looks to cement debut

By Oliver West
23 Oct 2014

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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