Mexico's Cemex plans to redeem $1 billon worth of bonds

MEXICO CITY: Mexican cement maker Cemex on Wednesday said that it has issued a notice of full redemption for $1 billion worth of senior secured bonds with a coupon of 7.750% and maturing in 2026.

Monterrey-based Cemex, one of the largest companies in the country, said in a statement to the stock exchange that it expects fully redeem the bonds on Feb. 16.