Cemex sold $650 million of its notes due in 2018 on July 6. The company sold the bonds to yield 9.5 percent (462 basis points more than similar bonds sold by Holcim Ltd., the world’s second-biggest cement maker).
In addition, Mexican central bankers will leave the lending rate at a record-low 4.5 percent today. Mexico is the only major Latin American country to keep borrowing costs unchanged in the past year.
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