The payments were part of the Mexican company’s debt restructuring package totalling €5.35 billion, which expires in February 2014 and of which 92% was renegotiated, corresponding to €4.95 billion. Under this agreement, Cemex also promised to pay off €3.07 billion in 2017 and €375.27 million via a high yield bond in 2018. The debts of €1.5 billion were paid off in advance because of a €1.12 billion bond issue in October 2012, as well as €750.55 million obtained from placing Cemex Latam Holding on the Colombian stock exchange in November 2012.
