Holcim increases bond by EUR150m

Holcim increases bond by EUR150m
Published: 09 April 2009

Holcim Ltd said on Wednesday it had successfully increased a March 26 bond issue of EUR500m (US$660m) by EUR150m.

The EUR650m raised was issued at 102.7 per cent and has a coupon of 9 percent and a yield of 8.293 per cent, and will be used to refinance existing debt and for general corporate purposes, the company said.