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The Mexican cement company Cemex plans to issue circa $1.7 billion worth of bonds, at an annual rate of 3.875% and a term of ten years, to support ongoing business activities, including debt repayment. This offering was guaranteed by several subsidiaries of CEMEX located in Mexico, the United States, the United Kingdom, Spain, France, the Netherlands, and Switzerland. CEMEX is one of the largest cement companies in the world based on annual installed cement production capacity and one of the largest ready-mix concrete companies worldwide. CEMEX primarily engages in the production, distribution, marketing, and sale of cement, ready-mix concrete, aggregates, and clinker.
