HeidelbergCement strengthens its financing structure

HeidelbergCement strengthens its financing structure
Published: 14 December 2011

HeidelbergCement has successfully issued debt certificates in the amount of EUR289m, thereby further strengthening its financing structure.

Due to high demand, it was possible to significantly increase the issue volume from an initial EUR150m to EUR289m. 



The newly-issued debt certificates, with a maturity date of 31 October 2016, consist of two tranches: one tranche with a floating rate and the other with a fixed coupon. The fixed rate tranche yields at 6.77% pa and the floating tranche at 4.90% pa over six months Euribor. 



The proceeds will be utilised for general corporate purposes and to pre-fund the upcoming 2012 maturities.

The new debt certificates enable HeidelbergCement to increase its liquidity headroom and term-out its maturity profile, thereby strengthening the financing structure of the company.