Mexico's Cemex plans to sell up to €750 million of perpetual bonds

By Reshmi Basu

New York, April 30 - Cemex SA de CV plans to sell up to €750 million in perpetual bonds (//BBB), according to a market source.

The deal will be structured as fixed-to-floating-rate bonds. The issue will be non-callable for 10 years.

Barclays Capital and JP Morgan are managing the sale, which will be completed via special purpose vehicle C10-EUR Capital (SPV) Ltd.

The Monterrey, Mexico-based issuer is a cement producer.

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