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Published on 3/12/2019 in the Prospect News Emerging Markets Daily.

New Issue: Cemex prices €400 million seven-year notes at par to yield 3 1/8%

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
Maturity:March 19, 2026
Description:Senior secured notes
Bookrunners:BofA Merrill Lynch, BNP Paribas Securities Corp., Citigroup and Santander
Coupon:3 1/8%
Price:Par
Yield:3 1/8%
Call options:Non-callable for three years
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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