Cementos Argos to Offer 300 Billion Pesos of Bonds in Colombia

Cementos Argos SA (CEMARGOS), Colombia’s biggest cement maker, will offer to sell 300 billion pesos ($167 million) of bonds in the local market tomorrow.

The Medellin-based company will offer 18-month debt to yield as much as 1.85 percentage points above the IBR interbank rate and 2- and 3-year securities linked to the DTF interbank rate, according to the offer published in La Republica newspaper.

To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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