CEMEX, S.A.B. de C.V. (CX) said it has received approval from the Comision Nacional Bancaria y de Valores to launch an offer to issue mandatorily convertible securities through an exchange offer directed to holders of Certificados Bursatiles issued by CEMEX.
CEMEX announced its intention to launch this exchange offer on November 4, 2009. These Securities will be mandatorily convertible into Certificados de Participacion Ordinaria, or CPOs, similar to those already outstanding. CEMEX may issue Securities mandatorily convertible into a maximum amount of 400 million CPOs. The offer period will be from November 11, 2009 to December 9, 2009; but this period could be extended in accordance to the terms described in the prospectus.
CEMEX intends to place these securities with Mexican Pension Funds and other investors outside the United States that are not U.S. persons in transactions exempt from registration under the U.S. Securities Act of 1933, as amended, in exchange for outstanding debt securities previously issued in the Mexican capital markets, which the company intends to cancel, once the exchange offer is consummated.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.