HeidelbergCement issues a Eurobond

HeidelbergCement issues a Eurobond
Published: 29 September 2011

HeidelbergCement issued a Eurobond yesterday under its EUR10bn EMTN programme with an issuance volume of EUR300m and a maturity date of 15 December 2018. The proceeds of the transaction will be used to refinance existing debt. 

The 7 year bond bears a fixed coupon of 9.50% p.a. The issue price is at 99.3% resulting in a yield to maturity of 9.625%. Bookrunners of the transaction are BNP Paribas, Banca IMI, Citigroup, Deutsche Bank, ING, LBBW, Mediobanca and RBS.