Jorge Perez News
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Cemex Latam Holdings SA, a cement maker with operations in Central and South America, gained the most since its initial public offering on speculation the shares may be added to the Colcap index of Colombian stocks.
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Early this year, as Jorge Perez struggled to restructure more than $1.5 billion of debt on mostly vacant Florida condominium projects, doctors discovered a golf ball-sized tumor on his pancreas.
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Miami’s roller coaster real estate market is booming again after its worst crash left dozens of unfinished buildings and failed condo projects.
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Cemex SAB, the largest cement maker in the Americas, scrapped a $650 million bond offering today as Europe’s debt crisis eroded demand for higher-yielding debt and undermined the company’s efforts to refinance bank loans.
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Lenders foreclosed on Trump Hollywood , a 200-unit luxury condominium project in Hollywood, Florida, ending an almost two-year debt restructuring by developer Jorge Perez ’s Related Group of Florida.
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Cemex SAB, the largest cement maker in the Americas, told investors in Bogota today it plans to carry out the initial public offering of its Central and South America unit as soon as next month, according to three people who attended the presentations.
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BBVA Bancomer, the largest holder of Mexican government peso bonds, plans to buy inflation-linked debt as a bet consumer price increases will quicken beyond forecasts after slowing to a five-year low.
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Cemex SAB, the largest cement maker in the Americas, has paid off more than half of a $15 billion bank loan, allowing the company to avoid an increase in interest rates that was set to take effect at year-end.
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Yields on bonds of Cemex SAB, the biggest cement maker in the Americas, are soaring to a record as concern that slowing global growth will curb revenue prompts investors to reject buy recommendations.
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Bonds sold by Cemex SAB, the largest cement maker in the Americas, are posting the biggest losses among major issuers of junk debt in the U.S. after the company posted its seventh straight quarterly loss.
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