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Cemex says to issue bond worth at least 3 bln pesos

Wed Nov 4, 2009 6:44pm EST

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MONTERREY, Mexico, Nov 4 (Reuters) - Mexico's Cemex, the world's No. 3 cement maker, said on Wednesday it plans to issue a convertible bond worth at least 3 billion pesos ($225 million) as part of its debt refinancing.

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Cemex (CX.N) (CMXCPO.MX) convinced its creditors to refinance $15 billion in bank and bondholder debt until 2014, but has agreed to sell assets and raise capital via equity and bond issues. ($1=13.30 pesos) (Reporting by Robin Emmott)

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