New Issue: Mexico's Cemex sells $800 million notes due 2015 at Libor plus 525 bps at 99.001

By Paul A. Harris

Portland, Ore., March 29 - Mexico's Cemex SAB de CV priced an $800 million issue of floating-rate notes due Sept. 30, 2015 (/B/B+) at 99.001 with a coupon of three-month Libor plus 525 basis points on Tuesday, according to an informed source.

Merrill Lynch, J.P. Morgan Securities LLC and RBS Securities Inc. were the bookrunners for the quick-to-market issue.

The Monterrey, Mexico, building materials supplier and cement producer plans to use the proceeds to repay debt under its financing agreement.

Issuer:	Cemex SAB de CV
Amount:	$800 million
Maturity:	Sept. 30, 2015
Securities:	Floating-rate notes
Bookrunners:	Merrill Lynch, J.P. Morgan Securities LLC, RBS Securities, Inc.
Coupon:	Three-month Libor plus 525 basis points
Price:	99.001
Trade date:	March 29
Settlement date:	April 5
Ratings:	Standard & Poor's: B
	Fitch: B+

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