HeidelbergCement to buy back bonds

HeidelbergCement to buy back bonds
Published: 28 October 2008

HeidelbergCement AG announced on Monday it will buy back bonds issued in April 1999, October 2007 and January 2008.

The total nominal value of these bonds comes at EUR 1.78 billion (USD 2.22bn). Of them the cement producer will purchase securities with a nominal value of up to EUR 200 million for a sum not exceeding the current market prices.

The company will use free liquid funds to finance the move.