Local paper El Semanario reported Friday that the company is planning to carry out the operation through its Cemex Mexico and Cemex Concretos subsidiaries.
The report said the bond issue would be carried out through a trust fund set up by the local subsidiary of UK-based bank HSBC, while the placement agent would be local financial group IXE Casa de Bolsa.
"I do not think we will be the placement agent. The issue is very large and Cemex has a good relationship with Citibank and BBVA," Rivera said.
As markets bounce back from the global financial crisis, Cemex is likely to go through with the operation in the short to mid-term, he added.
"However, I do not think this issue will take place until the company explains its debt restructuring process, which is still uncertain. There is no date scheduled for this information to be made public, but it will probably happen before end-Q2," Rivera added.
