Mexican cement company Cemex plans to redeem €450mn ($534mn) of its 2.75% 2024s, leaving €200mn ($237mn) outstanding. Cemex, rated BB-, will pay 101.375% of its face value plus accrued interest on July 22. This comes after Cemex issued $1bn in perpetual bonds earlier this month, its second sale on the international bond market this year.
Cemex EUR bonds were stable with its 2.75% 2024s trading at 101.445, yielding 1.76%.
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