Building materials multinational Cemex has secured a PS2.5bn (US$203mn) trade receivables securitisation facility from US firm Finacity and Mexico’s Ixe Casa de Bolsa.

The 4.2 year facility will be used to make ongoing acquisitions of receivables from Cemex’s Mexican subsidiaries.

Specifically, Cemex Mexico, Concretos, Vivienda and Agregados will purchase receivables on a non-recourse basis.

Finacity is serving as the master servicer and bond administrator, while Ixe is underwriting the transaction.