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Cemex concludes sale of subordinated notes


Cemex concludes sale of subordinated notes
Written by Global Cement staff
10 June 2021
Mexico: Cemex has concluded the sale of subordinated notes with a value of US$1.0bn. The company says that it will use the proceeds from the bonds sale for various purposes, including debt repayment.
Chief financial officer Maher Al-Haffar said, “The purpose of this transaction is to further Cemex in its pursuit of an investment grade capital structure and a commensurate leverage ratio.” ....

Maher Al Haffar ,