HeidelbergCement issues new bond for private investors

HeidelbergCement issues new bond for private investors
Published: 08 October 2007

HeidelbergCement is planning to issue a euro bond this month via its subsidiary HeidelbergCement Finance B.V. The bond, which matures on 4 January 2018 and has a first coupon payment on 4 January 2009 (long first coupon), has a coupon of 5.625% and has the benefit of the unconditional, irrevocable guarantee given by HeidelbergCement AG. The offering price/issuing price is 94% plus any commissions and fees. The size of the non-benchmark issue is to be announced at a later date. The proceeds generated by the bond issue will be used to refinance existing debt.