ASEC Cement closes sale to Misr Cement Qena
ASEC Cement, a business unit of Qalaa Holdings, on Sunday announced it reached financial close on the sale of its holdings in subsidiaries ASEC Minya Cement and ASEC Ready Mix C...
Debt Reduction
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China Shanshui Cement top shareholder to fund bond redemption
China Shanshui Cement's top shareholder, Tianrui Group, said it will provide funds to the cash-strapped firm to redeem a US$500m global bond, Reuters reports. "Tianrui Group sha...
Kenya: ARM seeks KES10.7bn in private bond
ARM Cement is set to raise up to KES10.7bn (US$105m) in debt funding from private investors, to retire short-term debts, Kenya's Business Daily newspaper reported . The cement m...
Cemex says strong dollar may delay higher debt rating
Mexican cement major Cemex said on Thursday that the strength of the US dollar could postpone the ability of the company to win back an investment grade debt rating, according t...
China: BBMG to issue CNY1bn medium term notes
Cement producer and property developer BBMG Corporation announced that it will issue CNY1bn (US$157.6m) medium term notes on the interbank market on 14 October 2015 to be used t...
Cemex USA announces divestment in the southeastern United States
Cemex USA announced Friday that it has signed an agreement for the sale of its gypsum wallboard business based in Florida to US LBM. The proceeds obtained from this transaction,...
LafargeHolcim offer to pay down €1.75bn debt
LafargeHolcim announced that they have offered to pay down EUR1.75bn worth bonds (average cost of 5.8 per cent) with an expiration date of 15 September. JP Morgan believe this s...
UltraTech Cement seeks shareholders approval for NCD issue, India
The board of UltraTech Cement Ltd has sought shareholder approval to raise up to INR90bn rupees via issue of non-convertible debentures (NCD) on a private placement basis, the c...
ARM Cement ratings affirmed, Kenya
Global Credit Ratings has today affirmed the national scale ratings assigned to Kenyan cement producer ARM Cement Ltd of A(KE) and A1(KE) in the long term and short term respect...
China Tianrui Group Cement Co to issue CNY500m unsecured short term bills
China Tianrui Group Cement Co, a leading clinker and cement producer in Henan and Liaoning provinces, has announced that it will issue CNY500m (US$80.7m) unsecured short-term bi...