By Wendy Van Sickle
Columbus, Ohio, March 12 – Mexico’s Cemex SAB de CV priced €400 million of notes due 2026 at par to yield 3 1/8%, according to a press release Tuesday evening.
The coupon and yield matched talk.
The notes are non-callable until March 2022.
The Rule 144A and Regulation S notes were being sold by BofA Merrill Lynch, BNP Paribas Securities Corp., Citigroup and Santander.
Proceeds will be used for general corporate purposes, including to repay other debt in accordance with Cemex’s facilities agreement dated July 19, 2017.
Cemex is a cement producer based in Monterrey, Mexico.
| Issuer: | Cemex SAB de CV
|
| Amount: | €400 million
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| Maturity: | March 19, 2026
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| Description: | Senior secured notes
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| Bookrunners: | BofA Merrill Lynch, BNP Paribas Securities Corp., Citigroup and Santander
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| Coupon: | 3 1/8%
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| Price: | Par
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| Yield: | 3 1/8%
|
| Call options: | Non-callable for three years
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| Trade date: | March 12
|
| Settlement date: | March 19
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Initial price talk in the 3 1/8% area
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