HeidelbergCement taps seven year bond

HeidelbergCement taps seven year bond
Published: 10 November 2011

HeidelbergCement carried out a EUR200m tap issue of its most recent seven year EUR300m Eurobond transaction from 5 October 2011 with a coupon of 9.5%.

The issue price of the tap is at 107.5% resulting in a yield to maturity of around 8.1%. 

HeidelbergCement therefore increases its liquidity headroom and further optimises its maturity profile.



Bookrunners of the transaction are BNP Paribas, Banca IMI, Citigroup, Deutsche Bank, ING, LBBW, Mediobanca and RBS.