July, 2026
The Notes consist of $5.5 billion Mexican pesos with a 5-year tenor at a floating annual interest rate of TIIE de Fondeo plus 0.70%. Upon being issued, the Notes are initially guaranteed by Cemex Concretos, S.A. de C.V., Cemex Operaciones México, S.A. de C.V., Cemex Corp. and Cemex Innovation Holding Ltd.
The net proceeds from this issuance will be used for general corporate purposes, including, but not limited to, debt repayment.
Casa de Bolsa Banorte, S.A. de C.V., Grupo Financiero Banorte, Casa de Bolsa BBVA México, S.A. de C.V., Grupo Financiero BBVA México and Scotia Inverlat Casa de Bolsa, S.A. de C.V., Grupo Financiero Scotiabank Inverlat acted as placement intermediaries.
valfor acted as legal advisor to Cemex in this transaction. The team was led by Marc Grüninger and included Markus Brülhart and Martina Reber (all Banking and Finance, Capital Markets).
valfor worked with Cemex’s in-house counsels in Mexico (Guillermo F. Hernandez, Gabriel Deschamps Saiz, Ana Paula Gonzalez and Alexandra Ruz). Villareal VGF Abogados (Monterrey, Mexico) advised Cemex as to Mexican law.
