[Publicidad]
Mexican cement maker Cemex said on Monday it had launched an offer to buy back up to US$400 million of debt on senior note issues due to mature in 2018, 2019 and 2022.
The Monterrey-based firm said in a statement the offer was for its 2018 floating rate notes, its 2019 notes bearing a 6.5 percent coupon and the 9.375 percent notes falling due in 2022.
However, Cemex noted it would not buy back more than US$150 million of the 2022 debt.
El Universal Responde
IA personalizada, respaldada por 109 años de historia editorial.
Cemex said the offer would expire at 11.59 p.m., New York City time on May 20, (0359 GMT, May 21) while notes tendered before 8 a.m. (1200 GMT) on May 9 would be eligible for an early tender premium.
[Publicidad]
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