Cemex to trim debt by $1bn in 2015

Mexico’s Cemex, one of the world’s biggest cement makers, is aiming to cut its debt by up to $1 billion this year, reports Reuters.

The company believes it can refinance $2.9 bln in bonds at a coupon of around 9 percent this year, according to a presentation to investors.

Cemex had total debt of $16.29 billion at the end of 2014.

Separately, Cemex said it compound annual growth of 4 percent in sales volumes between 2014-2016.


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