Cemex launched four offers to exchange outstanding perpetual debentures for new senior secured notes to be denominated in dollars and euro. Cemex said in a release on Monday that the issuer of the new senior notes is its  Cemex Espana through its Luxembourg branch.

The new senior notes denominated in dollars will mature in 10 years, pay a coupon of 9.25 per cent annually and be callable and commencing on the fifth anniversary of the initial issuance.

The new senior notes denominated in euros will mature in seven years, pay a coupon of 8.875 percent annually, and be callable commencing on the fourth anniversary of the original issuance.
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