Cemex is planning to sell 2.5-year bonds worth US$167m, The Wall Street Journal reports. The Mexican cement maker has not yet determined the amount or timing of the deal.
Local brokerage, Ixe Casa de Bolsa, will serve as the underwriter, while the Mexican arm of HSBC Holdings will be the trustee for the sale. Cemex is renegotiating the maturities on US$14.5bn in bank debt that comes due between 2009 and 2011.
