Cementos Argos - June 2018


This week saw Cementos Argos place ordinary bonds for COP500bn (US$169.7m). The issue had demands for COP725bn, representing an over demand of 1.81 times for the amount offered, which was initially COP400bn. According to the company, the move will enable Cementos Argos to replace financial liabilities in its debt management strategy. The issue has a half-life of 9.5 years.

“We appreciate the market’s response, confidence in the company and its strategy. This issuance allows us greater financial flexibility and favours the maturity profile of the debt, with which we can continue to develop our business strategy focused on customers,” says Juan Esteban Calle, president, Cementos Argos.