Cemex to swap US$55mn worth of bonds

Mexican cement company Cemex has revealed that it aims to swap US$55 million (€40 million) worth of Cemex bonds, due to expire in 2015, for 5.5 million American Depositary Shares (ADS). However, it is still unknown when this operation will proceed. Remaining bonds of $320 million will remain in circulation. Cemex debt expiring in 2015 reached MXN 1.21 billion (€69 million/$93.7 million) at the close of March 2014.
June 12, 2014 Read time: 1 min

Mexican cement company 643 Cemex has revealed that it aims to swap US$55 million (€40 million) worth of Cemex bonds, due to expire in 2015, for 5.5 million American Depositary Shares (ADS). However, it is still unknown when this operation will proceed. Remaining bonds of $320 million will remain in circulation.

Cemex debt expiring in 2015 reached MXN 1.21 billion (€69 million/$93.7 million) at the close of March 2014.

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