By Christine Van Dusen
Atlanta, March 15 - Mexico's Cemex SAB de CV priced $600 million six-year notes (/B/B+) at par on Thursday to yield 5 7/8%, or Treasuries plus 500.2 basis points, a market source said.
BofA Merrill Lynch, Citigroup, HSBC and Santander were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used to refinance existing debt and for general corporate purposes.
The notes are non-callable for three years.
Cemex is a Monterrey, Mexico-based building materials supplier and cement producer.
| Issuer: | Cemex SAB de CV
|
| Amount: | $600 million
|
| Maturity: | March 25, 2019
|
| Description: | Senior notes
|
| Bookrunners: | BofA Merrill Lynch, Citigroup, HSBC, Santander
|
| Coupon: | 5 7/8%
|
| Price: | Par
|
| Yield: | 5 7/8%
|
| Spread: | Treasuries plus 500.2 bps
|
| Call features: | Non-callable for three years
|
| Trade date: | March 14
|
| Settlement date: | March 25
|
| Ratings: | Standard & Poor's: B
|
| Fitch: B+
|
| Distribution: | Rule 144A and Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
