Holcim Mexico to Issue up to MXP2bn

The Mexican unit of Holcim plans to issue up to MXP2bn ($144m) in the domestic bond market next week, conditions permitting, say bankers on the deal. The bonds, rated AAA on a national scale, will be guaranteed by its Swiss parent. The cement company is considering 3-year floating rate and 10-year fixed rate bonds. Proceeds are to be used to refinance debt. BBVA, Banamex and Santander are handling the transaction, representing a debut for the cement maker in the Mexican market.