BBVA México supports Cemex in the issuance of CEBURES for 5.5 billion pesos

BBVA México has participated as bookrunner in the issuance of Long-Term Stock Certificates (Certificados Bursátiles de Largo Plazo) by Cemex, S.A.B. de C.V., in the local market. The transaction was met with strong investor demand, with a total amount of 5.5 billion pesos and demand reaching 8.977 billion pesos, equivalent to 1.6 times the amount ultimately placed.

The transaction was structured in a single tranche, corresponding to the Cemex 26 issuance, at a floating interest rate and with a five-year tenor, priced at a spread of 70 basis points over the TIIE de Fondeo. The issuance obtained credit ratings of AA+(mex) from Fitch Ratings and mxAAA from S&P Global Ratings.

Cemex is a global building materials company committed to the development of innovative and sustainable solutions for the sector, actively contributing to the creation of long-term value for its stakeholders: employees, customers, shareholders, investors, suppliers and the communities in which it operates.

“This transaction reflects the close relationship that BBVA México maintains with Cemex and our commitment to continue supporting the company in its financing needs. It also underscores the market’s confidence in Cemex’s financial strength and in the depth of the local debt market,” said Álvaro Vaqueiro Ussel, Head of Corporate and Investment Banking at BBVA México.

Through this transaction, BBVA México strengthens its ability to structure and execute relevant transactions in the local capital markets, reaffirming its position as a leading corporate and investment bank in the country.