Adds CFO’s comments, details of deal

MEXICO CITY, Oct 13 (Reuters)Mexican cement maker Cemex said in a statement on Tuesday that it has extended repayment dates on about $2.1 billion of credit and will prepay some $530 million in loans, as part of a so-called “green” financing deal.

Cemex also changed some $313 million of dollar-denominated credit to Mexican pesos and around $82 million to Euros in the deal, under which the company incorporated green metrics into approximately $3.2 billion of commitments.

Cemex said the transaction meant it had no important debt maturities through July 2023.

“We are pleased with this transaction, which allows us to improve our debt maturity profile and underscores Cemex’s commitment to sustainability as one of our key strategic pillars,” said chief financial officer Maher Al-Haffar.

The green metrics include reducing net CO2 emissions related to cement products and power consumption from green energy. Performance in respect to the metrics could result in adjustments of interest rate margins of up to 5 basis points, Cemex said.

(Reporting by Frank Jack Daniel; Writing by Anthony Esposito)

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CIUDAD JUÁREZ, Mexico —  President Andrés Manuel López Obrador on Friday said Mexico has no choice but to pay its water debt to the U.S., or else face retaliation that could include new tariffs from the Trump administration, even as clashes continue over plans to release more of the precious liquid.

The populist López Obrador is in the tricky position of having to meet Mexico’s obligations under the shadow of the Trump administration while farmers, many of whom voted for  López Obrador, worry that they won’t have enough water for their crops if that happens.

“Unilateral measures could be taken that affect Mexico with the excuse that we are not meeting the treaty’s agreement,” López Obrador said Friday. “Like the creation of tariffs, taxes, on the products we sell and export to the U.S.”

The drought-stricken northern state of Chihuahua, across from Texas, has seen violent protests over the government’s decision to pay back water owed to the U.S. One protest led to a shootout on Sept. 8, leaving one dead and one wounded.

As a result of the treaty between the two nations over waters from the shared Rio Grande basin, Mexico is expected to deliver about 1.75 million acre-feet of water every five years to the U.S. Texas officials say Mexico owes about a year’s worth of water that needs to be delivered by Oct. 24.

“If we do not deliver what we are supposed to, we can give them footing to breach the treaty and revise it, which could harm us,” López Obrador said Friday while here in Ciudad Juarez  to inaugurate new infrastructure projects.

In a Sept. 16 letter, Gov. Greg Abbott urged U.S. Sec. of State Michael Pompeo to push for the enforcement of Mexico’s treaty obligations.

“The Mexican-controlled waters of the international Rio Grande