Cemex swaps paper for longer-term debt

Cemex swaps paper for longer-term debt
Published: 11 December 2008

Cemex said on Wednesday that it had swapped commercial paper for longer-term debt, extending the maturity in a crucial test of its ability to refinance debt.

Cemex said in a statement it issued debt maturing in 2011 worth 124,817,100 of Mexico’s inflation-pegged units, known as UDIs.